SAN FRANCISCO, July 31, 2025 (GLOBE NEWSWIRE) -- A securities class action lawsuit styled Khan v. Lockheed Martin Corporation, et al., No. 1:25-cv-06197 (S.D.N.Y.) has been filed and seeks to represent investors who purchased or otherwise acquired Lockheed Martin Corporation (NYSE: LMT) securities between January 23, 2024 and July 21, 2025. The lawsuit comes in the wake of Lockheed’s Q2 2025 financial results, which resulted in the price of the company shares falling almost 11% on July 22, 2025. National sh ...

NEW YORK, July 31, 2025 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Lockheed Martin Corporation ("Lockheed Martin" or "the Company") (NYSE: LMT) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired ...

Financial Data and Key Metrics Changes - Consolidated net sales were $311 million, down 6.2% from $332 million in the same quarter last year [19] - Adjusted EBITDA margin decreased to 16.7% from 19% in the prior year [9] - GAAP net income attributable to the company for the quarter was $9.2 million compared to $24.6 million last year [22] - Adjusted diluted EPS was $0.57 versus $0.89 in the same period last year [23] Business Line Data and Key Metrics Changes - Machine Clothing reported revenues of $181 million, a decrease of 6.5% year-over-year [20] - Engineered Composites segment revenues were $130 million, reflecting a sequential growth of 14% from the first quarter [13] - Machine Clothing gross profit decreased to $84 million from $89 million in the prior year, while gross margin improved by 40 basis points to 46.3% [20] - AEC gross profit decreased to $14 million from $24 million, primarily due to cumulative EAC adjustments [21] Market Data and Key Metrics Changes - North America experienced a slight decline in deliveries due to packaging machine production curtailments [11] - Europe showed solid signs of recovery with good deliveries and orders, offsetting weakening conditions in Asia, particularly in China [11] - The global MC order backlog remains healthy, indicating confidence for a stronger second half of the year [11] Company Strategy and Development Direction - The company is focused on optimizing its global production footprint and has commenced two additional facility closures [7] - Investments in operational excellence are aimed at transforming execution of current programs and driving process improvements [8] - Advanced air mobility is identified as a significant source of growth, with new long-term agreements and investments in capabilities [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in recovery despite second quarter results lagging expectations due to timing and operational issues [5] - The company expects global growth to continue as tariff environments become more predictable [6] - Full year guidance is reaffirmed, projecting stronger performance in the second half driven by ramping programs and operational efficiencies [25] Other Important Information - The company successfully completed its S4HANA upgrade, enhancing systems and operational efficiencies [17] - Will Station has been appointed as the new CFO, bringing extensive experience from McKesson and Boeing [18] Q&A Session Summary Question: Can you talk about overall build rates in aerospace? - Management noted that ramp-up is occurring as Boeing is destocking and material is being brought in, indicating momentum towards prior production levels [28] Question: What factors could affect revenue range in the second half? - Key factors include Machine Clothing synergies and increased commercial programs at AEC, which are expected to drive growth and profitability [29] Question: Can you provide updates on the CH-53K program? - The ramp-up is being approached carefully, with significant investments in team training and production capabilities [33] Question: Can you elaborate on AEC margins and investments in labor? - AEC is performing well, but challenges remain with the CH-53K program, requiring more resources and time for ramp-up [37] Question: What gives confidence to maintain guidance despite challenges? - Confidence stems from improved performance indicators, including reduced quality issues and better operational efficiency [45] Question: What new programs are ramping up in the second half? - Existing and new programs, including the Bell 525 and JASSM, are expected to contribute to growth in the second half [48] Question: Can you provide details on the 3D woven composite parts? - The company is focused on replacing titanium with 3D woven technology, with certification expected in the next 18 months [55]

Financial Data and Key Metrics Changes - Revenue grew 4% year over year, exceeding $1,140,000,000 [6][18] - Adjusted EBITDA reached approximately $208,000,000, a 14% increase year over year [6][18] - Adjusted earnings per share came in at $0.74, above projected range [6] - Adjusted EBITDA margin reached 18.2%, with High Performance Materials and Components segment delivering margins of 23.7%, a 350 basis point improvement from Q2 2024 [6][21] - Adjusted free cash flow was $93,000,000, a 94% increase year over year [7][18] Business Line Data and Key Metrics Changes - High Performance Materials and Components (HPMC) segment showed margin improvement, with expectations for continued strength [6][21] - Aerospace and Defense (A&D) remains a reliable growth driver, with double-digit growth expected for the third consecutive year [14][26] - Commercial jet engine sales grew 27% in Q2 and are expected to exceed 20% growth for the full year [12][26] - Aerospace and Non-Defense (AANS) performance was above expectations despite a sequential decline [22] Market Data and Key Metrics Changes - The aerospace recovery is accelerating, positioning the company to grow alongside customers [5][12] - Demand for commercial jet engines is expected to continue rising, with customers reporting expanding backlogs [12][26] - Defense market growth is driven by international programs and increased commitments for high-value materials [14][16] Company Strategy and Development Direction - The company is focused on achieving consistent profitable growth through innovation, performance, and partnerships [17][32] - Long-term agreements with Boeing and Airbus are expected to enhance revenue and margin expansion [10][75] - Investments in capacity and technology are aimed at meeting the growing needs of the aerospace industry [11][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to deliver with reliability and scale as demand ramps up [11][32] - Near-term volatility is anticipated as airframers balance inventory with supply chain realities [11] - The company remains disciplined in capital deployment and focused on working capital efficiency [7][18] Other Important Information - The company executed $250,000,000 in share repurchases during the quarter, bringing total buybacks since 2022 to over $800,000,000 [7][8] - The full-year guidance for adjusted EBITDA, EPS, and free cash flow has been raised based on strong performance [8][26] Q&A Session Summary Question: Airframe outlook and inventory levels - Management noted that customer destocking is impacting revenues, but expects demand to return as Boeing ramps up production [35][36] Question: Jet engine capacity utilization and growth - Management confirmed that capacity is in good shape to meet 2027 targets, with investments expected to increase output by 8% to 10% [42][43] Question: Industrial end markets performance - Management indicated mixed results in industrial markets, with some growth in conventional oil and gas but declines in construction and mining [54][56] Question: HPMC margins and future targets - Management expects HPMC margins to remain above 24%, with incremental margins projected in the 40% range [65][66] Question: Aftermarket trends - Management anticipates sustained high MRO and spares demand, driven by increasing shop visits and upgrade packages [70][72] Question: Contract terms and share gains - Management confirmed that new contracts include volume-based minimums and pricing terms that allow for inflation and cost pass-through [74][75] Question: Nickel melt capacity increase - Management clarified that new melting equipment will be added to increase nickel capacity by 8% to 10% [87][88] Question: Titanium revenue contribution - Management expects the new titanium facility to contribute significantly to revenue as it ramps up production [90][97] Question: Jet engine revenue growth expectations - Management indicated that jet engine revenue growth could be in the range of 20% to 25% for the year [103] Question: COVID-era employee retention credits - Management confirmed that $5,000,000 in credits remain on the books, with no further recognition expected in the second half [106] Question: Isothermal forging business and share gains - Management reported strong demand in the forging business, with expectations for continued growth and share gains [109][110]

Financial Data and Key Metrics Changes - Revenue grew 4% year over year, exceeding $1,140,000,000 [5][17] - Adjusted EBITDA reached approximately $208,000,000, a 14% increase year over year [17] - Adjusted earnings per share came in at $0.74, above projected range [5] - Adjusted EBITDA margin reached 18.2%, a long-standing performance target [5] - Adjusted free cash flow was $93,000,000, a 94% increase year over year [6] Business Line Data and Key Metrics Changes - High Performance Materials and Components (HPMC) segment delivered margins of 23.7%, a 350 basis point improvement from Q2 2024 [5] - Commercial jet engine sales grew 27% in Q2 and 31% year to date [10] - Defense remains a reliable growth driver with expectations of double-digit growth [12] - Aerospace and Defense (A&D) continues to drive margin expansion due to contractually secured customer base [20] Market Data and Key Metrics Changes - Jet engine market expected to grow more than 20% for the full year [25] - Airframe estimates held flat from 2024 levels due to customer inventory destocking [26] - Non-A&D markets expected to decline by 5% to 7% from 2024 levels [26] Company Strategy and Development Direction - Company signed long-term agreements with Boeing and Airbus, expanding product offerings and securing customer share [7][8] - Focus on achieving consistent profitable growth through innovation, performance, and partnerships [15] - Investments in capacity and technology to support future growth and reliability [6][15] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to deliver with reliability and scale as the aerospace recovery accelerates [4] - Anticipated near-term volatility in airframe markets but confident in long-term growth [9] - Management remains mindful of near-term uncertainties but believes long-term fundamentals are compelling [31] Other Important Information - Company executed $250,000,000 in share repurchases during the quarter, totaling over $800,000,000 since 2022 [6] - Cash generation improvements in the first half strengthen the balance sheet and increase optionality looking forward [22] Q&A Session Summary Question: Airframe outlook and inventory levels - Management noted that customer destocking is impacting revenues but anticipates demand returning in the back half of the year as Boeing ramps up production [34][35] Question: Capacity utilization and volume increase for 2026 - Company is in good shape to meet 2027 targets with discrete investments in melting, forging, and finishing [41][42] Question: Industrial end markets and guidance for the second half - Industrial markets showed flat overall performance with some positive growth in conventional oil and gas, but declines in construction and mining [51][53] Question: HPMC margins and future targets - HPMC margins expected to remain above 24% with incremental margins projected in the 40% range [63] Question: Aftermarket trends and production ramp - MRO demand remains strong, with expectations for sustained high demand through the rest of the decade [68][70] Question: Contract extensions and terms - New contracts include share gains, beneficial changes to mix pricing, and terms that allow for inflation and cost pass-through [72][75] Question: Nickel melt capacity increase - Investments in new melting equipment will increase nickel capacity by 8% to 10% [84][85] Question: Titanium revenue contribution from new furnaces - Titanium melt capacity expected to increase by 80%, with significant revenue contributions anticipated [92][95] Question: Direct tariff impacts on cost structure - Company is well-positioned to recover costs incurred due to tariffs through structured contracts [117][121] Question: Exotics business and nuclear demand - Demand for nuclear products is up 24% year over year, with strong growth anticipated in the back half of the year [124][126]

Financial Data and Key Metrics Changes - The company reported record second quarter revenue of $5.2 billion, reflecting a 2% year-over-year growth on an adjusted basis [18] - Operating income totaled $628 million, with a 34% increase in earnings per share to $2.12, driven by higher operating income and share repurchases [9][19] - Operating cash flow was $510 million, contributing to a strong balance sheet with over $1.4 billion in cash [24] Business Line Data and Key Metrics Changes - Advanced Safety and User Experience (ASUX) segment revenues declined by 3% to approximately $1.5 billion, impacted by legacy program roll-offs and production slowdowns in China [20][22] - Engineered Components Group (ECG) revenues increased by 5% to $1.7 billion, driven by growth in Europe and local Chinese OEMs [22] - Electrical Distribution Systems (EDS) segment revenues also grew by 5% to $2.2 billion, with strong volume growth in North America and Asia Pacific [24] Market Data and Key Metrics Changes - In North America, revenue grew by 3% despite a year-over-year decline in vehicle production, driven by active safety and electrified programs [20] - European revenue decreased by 1%, slightly better than vehicle production trends, while revenue in China also declined by 1% due to unfavorable customer mix [20] Company Strategy and Development Direction - The company is focused on maximizing shareholder value through the spin-off of Electrical Distribution Systems, which is on track for completion [8] - The strategic emphasis is on electrification, automation, and digitalization trends across multiple industries, with a resilient business model that allows for efficient operations [6][8] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding potential consumer demand weakening in the second half of the year due to evolving trade and regulatory policies [16][29] - The company remains confident in its ability to navigate the dynamic environment and deliver strong financial results [30] Other Important Information - The company received the Volkswagen Group Award for Resilient Supply Chains, highlighting its effective supply chain management [7] - New business bookings totaled $5.4 billion, positioning the company for strong future growth [10] Q&A Session Summary Question: Visibility for Q4 production - Management indicated that they have a fairly firm visibility on schedules through the end of the year, with no significant changes observed recently [36] Question: Content opportunities from shifting vehicle mix - Management noted that they have already seen a shift towards larger vehicles, which has helped offset the slowdown in EV adoption [40] Question: Bookings target visibility - Management expressed high confidence in achieving the $31 billion bookings target, despite some delays in finalizing awards due to the current environment [44] Question: Growth in non-automotive sectors - Management reported strong growth in industrial sectors, expecting solid double-digit growth in the back half of the year [48] Question: Implied growth assumptions for the second half - Management highlighted that growth in the second half is expected to be driven by the ASUX and EDS segments, with multiple program launches contributing to this growth [55] Question: Clarification on pull forward of demand - Management clarified that the pull forward of demand relates to both customer schedules and actual vehicle production [64] Question: Margin expectations for ECG - Management indicated that ECG margins are expected to recover in the second half of the year, despite facing headwinds from FX and commodity prices [82] Question: Impact of copper tariffs - Management stated that the impact of copper tariffs is manageable and that they have been in discussions with customers regarding potential cost pass-throughs [104]

NEW YORK, July 30, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Lockheed Martin Corporation (NYSE: LMT) between January 23, 2024 and July 21, 2025, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 26, 2025. SO WHAT: If you purchased Lockheed Martin securities ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In Lockheed Martin To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $75,000 in Lockheed Martin between January 23, 2024 and July 21, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, July 30 ...

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, July 30, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Lockheed Martin Corporation ("Lockheed Martin" or the "Company") (NYSE: LMT) investors of a class action representing investors that bought securities between January 23, 2024 and July 21, 2025, inclusive (the "Class Period"). Lockheed Martin investors have until September 26, 2025 to file a lead plaintiff motion. Investors are encouraged to co ...

SAN DIEGO, July 30, 2025 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Lockheed Martin Corporation (NYSE: LMT) securities between January 23, 2024 and July 21, 2025, inclusive (the "Class Period"), have until September 26, 2025 to seek appointment as lead plaintiff of the Lockheed Martin class action lawsuit. Captioned Khan v. Lockheed Martin Corporation, No. 25- cv-06197 (S.D.N.Y.), the Lockheed Martin class action lawsuit charges Lockheed Martin and certain of ...