Lockheed Martin(US:LMT) Globenewswire·2025-09-25 19:15Core Viewpoint - A securities class action lawsuit has been filed against Lockheed Martin Corporation, alleging that the company misled investors about its financial health and internal controls from January 23, 2024, to July 21, 2025 [1][2]. Group 1: Allegations and Misrepresentations - The lawsuit claims Lockheed Martin overstated its operational capabilities, particularly in the Aeronautics and Rotary and Mission Systems (RMS) segments, while failing to disclose inadequate internal controls [2]. - It is alleged that the company lacked effective procedures to accurately assess program requirements and risks, leading to undisclosed potential significant losses [2]. Group 2: Impact on Stock Price - A series of negative disclosures revealed the truth about the company's financial situation, resulting in significant stock price drops, including a nearly 11% decline on the final disclosure [3]. Group 3: Investigation and Systemic Issues - Hagens Berman is investigating whether the substantial losses were a foreseeable result of poor internal controls and inadequate risk communication to investors [4]. - The investigation suggests that the recurring nature of the losses indicates a systemic issue rather than isolated problems, raising questions about executive awareness of the internal control weaknesses [5]. Group 4: Financial Losses Reported - Lockheed Martin reported $1.8 billion in pre-tax losses in its Aeronautics segment on January 28, 2025, followed by an additional $950 million in pre-tax losses for the same segment and $570 million for the RMS segment on July 22, 2025, linked to issues with the Canadian Maritime Helicopter Program [6].