Lockheed Martin(US:LMT) Prnewswire·2025-09-16 12:45Core Points - A class action securities lawsuit has been filed against Lockheed Martin Corporation, alleging securities fraud affecting investors between January 23, 2024, and July 21, 2025 [2][3] Group 1: Allegations - The lawsuit claims that Lockheed Martin made false statements and concealed significant issues regarding its internal controls related to risk-adjusted contracts [3] - It is alleged that the company lacked effective procedures for comprehensive reviews of program requirements, technical complexities, schedules, and risks [3] - The complaint states that Lockheed Martin overstated its ability to meet contract commitments in terms of cost, quality, and schedule, leading to a likelihood of reporting significant losses [3] Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until September 26, 2025, to request appointment as lead plaintiff, although participation does not require this role [4] - Class members may be entitled to compensation without any out-of-pocket costs or fees [4] Group 3: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [5] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [5]