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AeroVironment, Inc. to Host Investor Open House in Albuquerque, New Mexico on September 30
Businesswire· 2025-09-15 21:30
ARLINGTON, Va.--(BUSINESS WIRE)---- $AVAV--AeroVironment, Inc. ("AV†) (NASDAQ: AVAV) will host an investor open house in Albuquerque, New Mexico at its Space and Directed Energy facility on Tuesday, September 30. Management presentations and discussions will be live webcast at 8:30 a.m. MT / 9:30 a.m. CT / 10:30 a.m. ET and 7:30 a.m. PT. The event will include presentations from Wahid Nawabi, AeroVironment's chairman, president and chief executive officer; Kevin P. McDonnell, senior vice president and ch. ...
Lost Money on Lockheed Martin Corporation (LMT)? Join Class Action Suit Seeking Recovery – Contact The Gross Law Firm
Globenewswire· 2025-09-15 19:59
Core Viewpoint - Lockheed Martin Corporation is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its internal controls and contract commitments, which may lead to significant losses for the company [3][4]. Summary by Sections Class Period and Allegations - The class period for the lawsuit is from January 23, 2024, to July 21, 2025 [3]. - Allegations include: - Lack of effective internal controls related to risk-adjusted contracts and profit booking [3]. - Inadequate procedures for comprehensive reviews of program requirements and risks [3]. - Overstatement of the company's ability to meet contract commitments regarding cost, quality, and schedule [3]. - Likelihood of reporting significant losses due to the aforementioned issues [3]. - Misleading positive statements about the company's business and operations [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by September 26, 2025, to potentially become lead plaintiffs [4]. - Registration provides access to portfolio monitoring software for status updates throughout the case [4]. Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [5].
LMT Lawsuit: Did Lockheed Martin (LMT) Mislead Investors on Financial Health? – Hagens Berman
Globenewswire· 2025-09-15 17:24
Core Viewpoint - A securities class action lawsuit has been filed against Lockheed Martin Corporation, alleging misleading financial disclosures and inadequate internal controls regarding program risks, impacting investors who purchased shares between January 23, 2024, and July 21, 2025 [1][2]. Group 1: Allegations and Claims - The lawsuit claims Lockheed Martin overstated its operational capabilities in the Aeronautics and Rotary and Mission Systems segments, failing to disclose significant internal control deficiencies [2]. - It is alleged that the company incurred substantial undisclosed losses due to these internal control failures, which misled investors about the company's financial health [2][4]. - The investigation by Hagens Berman focuses on whether the losses were a foreseeable result of these internal control issues and if management was transparent about the associated risks [4][5]. Group 2: Impact on Stock Price - Following a series of negative disclosures, Lockheed Martin's stock price experienced significant declines, including a nearly 11% drop on the final disclosure [3]. - The company reported $1.8 billion in pre-tax losses in its Aeronautics segment on January 28, 2025, and further losses of $950 million and $570 million in subsequent disclosures related to the Aeronautics and RMS segments, respectively [8]. Group 3: Legal and Investigative Actions - Hagens Berman is actively encouraging investors who suffered substantial losses to come forward and assist in the investigation [2][4]. - The firm is examining the systemic nature of the losses across different programs, suggesting a broader issue rather than isolated incidents [5].
ROSEN, A RANKED AND LEADING LAW FIRM, Encourages Lockheed Martin Corporation Investors to Secure Counsel Before Important September 26 Deadline in Securities Class Action – LMT
Globenewswire· 2025-09-15 16:55
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Lockheed Martin securities between January 23, 2024, and July 21, 2025, of the upcoming lead plaintiff deadline on September 26, 2025, for a class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased Lockheed Martin securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting the law firm or visiting their website [3][6]. - The lead plaintiff must file a motion with the Court by September 26, 2025, to represent other class members in the litigation [3]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting their own achievements in this area [4]. - The firm has secured significant settlements for investors, including over $438 million in 2019 alone, and has been consistently ranked among the top firms for securities class action settlements [4]. Group 3: Case Allegations - The lawsuit alleges that Lockheed Martin made false and misleading statements regarding its internal controls, contract commitments, and risk management practices, which led to significant investor losses when the truth was revealed [5]. - Specific claims include the lack of effective internal controls, inaccurate program reviews, and overstated delivery capabilities, all of which contributed to misleading positive statements about the company's business prospects [5].
Global Markets Navigate Fed Expectations, China Slowdown, and European Debt Shifts
Stock Market News· 2025-09-15 05:08
Group 1 - Global financial markets are showing a cautious tone as investors consider monetary policy shifts, economic deceleration, and geopolitical dynamics [2][9] - The Dollar Index (DXY) is steady at 97.50, with expectations for potential interest rate cuts from the Federal Reserve that could weaken the dollar [2][9] - China's economy experienced a greater-than-expected slowdown in August, impacting global commodity markets and leading to initial losses in iron ore prices, which later stabilized [3][9] Group 2 - Singapore's residential property market is rebounding, with new home sales reaching a nine-month high in August, driven by a strong pipeline of new projects [3][9] - European investors are increasingly favoring corporate debt from blue-chip companies like L'Oréal, Airbus, and AXA over French government bonds, as their yields have fallen below those of the state debt [4][9] - The cryptocurrency industry is opposing the UK's proposed framework for stablecoins, indicating ongoing tensions between innovative financial technologies and traditional regulatory bodies [5][9] Group 3 - Australia's Finance Union is challenging ANZ Group Holdings Limited over recent job cuts and a $240 million fine, highlighting scrutiny on labor practices in the banking sector [6] - Beijing's confirmation of joint military training exercises with Thailand may attract attention from regional and global powers, reflecting geopolitical dynamics [6]
Lockheed Martin Counters Boeing's F-47 Victory With Cost-Effective F-35 Upgrade Using Sixth-Gen Technology - BAE Systems (OTC:BAESY), Boeing (NYSE:BA)
Benzinga· 2025-09-13 07:20
Core Viewpoint - Lockheed Martin is responding to Boeing's F-47 sixth-generation fighter contract win by proposing a cost-effective upgrade to the F-35 using sixth-generation technology [1][2]. Group 1: Strategic Response - CEO Jim Taiclet indicated that the Pentagon is highly engaged with the enhanced F-35 concept, aiming to deliver 80% of the F-47's capabilities at half the price [2]. - The upgrade will incorporate advanced stealth coatings, enhanced weapons, and next-generation engines [2][3]. Group 2: Technology Integration - The "fifth-generation-plus" upgrade will integrate sixth-generation technology into the existing F-35 platform, enhancing its capabilities significantly [3]. - Discussions with the White House regarding this upgrade could occur soon, indicating potential governmental support [3]. Group 3: Market Implications - The Department of Defense may upgrade between 1,000 and 1,500 of the 2,300 F-35 jets ordered, which could result in substantial savings compared to Boeing's F-47, expected to be operational by the end of 2029 [3]. - Following the loss of a contract in March, Lockheed's stock rebounded by 8%, reflecting market confidence in its strategic pivot [3]. Group 4: Partnerships and Performance - Lockheed's Skunk Works division has partnered with BAE Systems on autonomous air systems development, expanding its unmanned warfare capabilities [4]. - Aerospace ETFs showed mixed performance, with SPDR S&P Aerospace & Defense ETF gaining 0.24% while Invesco Aerospace & Defense ETF declined by 0.31% [4].
ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Lockheed Martin Corporation Investors to Secure Counsel Before Important September 26 Deadline in Securities Class Action – LMT
Globenewswire· 2025-09-12 21:41
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Lockheed Martin securities between January 23, 2024, and July 21, 2025, of the September 26, 2025, deadline to become lead plaintiffs in a class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased Lockheed Martin securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by September 26, 2025 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. Group 2: Allegations Against Lockheed Martin - The lawsuit alleges that Lockheed Martin made false and misleading statements and failed to disclose critical information regarding its internal controls and risk management practices [5]. - Specific claims include Lockheed Martin's lack of effective internal controls over risk-adjusted contracts, inaccurate program reviews, and overstated capabilities in delivering contract commitments [5]. - As a result of these alleged misrepresentations, the lawsuit claims that investors suffered damages when the true details became public [5].
Boeing Defense Union Rejects Latest Contract Offer, Shares Fall
Investors· 2025-09-12 20:43
Group 1 - Boeing's defense union in Missouri rejected the company's latest contract offer shortly after a tentative agreement was reached [1] - Boeing's stock experienced a decline as CEO Kelly Ortberg indicated that the certification process for the 777X plane is falling behind schedule [1][2] - The company is facing scrutiny as it navigates labor relations and certification challenges, which could impact its operational timeline and stock performance [1][2] Group 2 - The broader market context includes other Dow Jones components like Amazon and Tesla, which are also under observation for potential buy points [4] - The S&P 500 index has crossed 6,500 for the first time, indicating a bullish market environment despite Boeing's specific challenges [4]
Aerospace Stock Among Names Hitting New Highs
Investors· 2025-09-12 20:06
Group 1 - L3Harris Technologies (LHX) is experiencing new highs in the stock market, contributing to major equity indexes reaching new peaks [1] - Enbridge (ENB) is currently in a 5% buy zone above a 47.44 entry point, with shares trading at levels last seen in May 2015 [1] - Enbridge offers a compelling dividend yield of 5.7%, making it an attractive investment option [4] Group 2 - Enbridge stock has broken out, indicating strong performance and potential for further gains [2][4] - The IBD RS Rating for Enbridge has risen to 73, reflecting improved relative strength in the market [4] - L3Harris Technologies has earned an RS Rating of 81, showcasing its rising market leadership [4]
Striking defense workers reject Boeing contract offer
CNBC· 2025-09-12 18:07
Core Points - Boeing defense workers in Missouri voted against the company's modified contract offer, leading to the continuation of a strike involving over 3,000 workers, marking the first walkout in nearly three decades [1][2] - The union criticized Boeing's offer for lacking a sufficient signing bonus and an increase in 401(k) benefits, emphasizing the determination of approximately 3,200 IAM Union members to stand united until their demands are met [2] - The rejected deal proposed a 45% average wage growth, raising the average salary from $75,000 to $109,000, but was deemed insufficient by the workers [3] - The striking workers primarily assemble and maintain F-15 fighter jets and missile systems, and had previously rejected an offer that included a 20% general wage increase and a $5,000 signing bonus [3] - In response to the strike, Boeing is hiring additional workers to replace those on strike to meet increasing demand [4]