LMT Investor Update: Securities Lawsuit Hits Lockheed Martin (LMT) Over Program Losses -- Hagens Berman

Core Viewpoint - A securities class action lawsuit has been filed against Lockheed Martin Corporation, alleging misleading statements regarding the financial health of its Aeronautics and Rotary and Mission Systems (RMS) segments, impacting investors who purchased shares between January 23, 2024, and July 21, 2025 [1][2]. Allegations and Financial Fallout - The lawsuit claims Lockheed Martin failed to disclose ineffective internal controls and procedures for assessing program risks, leading to an overstatement of its ability to meet contractual commitments [2]. - The company reported significant pre-tax losses, including $1.8 billion in the Aeronautics segment on January 28, 2025, and an additional $950 million in pre-tax losses for the Aeronautics segment and $570 million for the RMS segment on July 22, 2025, attributed to issues with the Canadian Maritime Helicopter Program [6]. Investor Impact - Following negative disclosures, Lockheed Martin's stock price experienced a notable decline, with shares dropping almost 11% on the final disclosure [3]. - Hagens Berman is investigating these claims on behalf of investors who suffered substantial losses during the class period [4][5]. Company Management Changes - The resignation of the CFO was announced on April 17, 2025, which may indicate underlying issues within the company's management and financial reporting [6].