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LMT Investors Have the Opportunity to Lead the Lockheed Martin Securities Fraud Lawsuit with Faruqi & Faruqi, LLP
Lockheed MartinLockheed Martin(US:LMT) Prnewswireยท2025-08-03 14:55

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Lockheed Martin Corporation due to significant financial losses and alleged violations of federal securities laws, with a deadline for investors to seek lead plaintiff status in a class action lawsuit by September 26, 2025 [2][4]. Group 1: Financial Losses and Stock Performance - Lockheed Martin announced pre-tax losses of $1.7 billion on January 28, 2025, attributed to classified programs, with $555 million in losses from the Aeronautics program and approximately $1.3 billion from the Missiles and Fire Control business [6]. - Following the announcement of these losses, Lockheed Martin's share price dropped by $46.24, or 9.2%, closing at $457.45 on January 28, 2025 [7]. - On July 22, 2025, the company disclosed an additional $1.6 billion in pre-tax losses, including $950 million related to its Aeronautics Classified program, leading to a further decline in share price by $49.79, or 10.8%, to close at $410.74 [9]. Group 2: Allegations of Misconduct - The complaint against Lockheed Martin alleges that the company and its executives made false or misleading statements regarding internal controls, risk management, and the ability to meet contract commitments, which misled investors about the company's financial health [4]. - Specific allegations include a lack of effective internal controls over risk-adjusted contracts and an overstatement of the company's ability to deliver on cost, quality, and schedule commitments [4]. Group 3: Legal Proceedings and Investor Actions - Investors who suffered losses exceeding $75,000 between January 23, 2024, and July 21, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal rights and options [1]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding Lockheed Martin's conduct to support the investigation [11].