Core Viewpoint - A class action securities lawsuit has been filed against Lockheed Martin Corporation, alleging securities fraud that affected investors between January 23, 2024, and July 21, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Lockheed Martin lacked effective internal controls regarding its risk-adjusted contracts and profit booking rate [2]. - It is alleged that the company did not have adequate procedures for comprehensive reviews of program requirements, technical complexities, schedules, and risks [2]. - 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 significant losses [2]. - As a result of these issues, the positive statements made by the defendants about the company's business and prospects were materially misleading [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until September 26, 2025, to request to be appointed as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Firm Background - 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 [4]. - 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 [4].

Core Viewpoint - Lockheed Martin has faced significant financial losses due to internal control failures and operational challenges, leading to a series of negative announcements that have impacted its stock price and investor confidence [2][3][4]. Financial Performance - On October 22, 2024, Lockheed Martin announced a loss of $80 million related to a classified program, resulting in a 6.12% drop in share price to $576.98 [3][5]. - On January 28, 2025, the company reported pre-tax losses of $1.7 billion, with $555 million attributed to the Aeronautics program and $1.3 billion to the Missiles and Fire Control business, leading to a net earnings drop from $6.9 billion in 2023 to $5.3 billion in 2024 [4][5]. - On July 22, 2025, an additional $1.6 billion in pre-tax losses was disclosed, including $950 million from the Aeronautics Classified program, resulting in a further decline in net earnings to $342 million [6][7]. Stock Market Reaction - Following the October 2024 announcement, Lockheed Martin's share price fell by $37.63 [3][5]. - The January 2025 announcement led to a $46.24 drop in share price [4][5]. - The July 2025 announcement resulted in a $49.79 decline in share price [6][7]. Legal Implications - A class action lawsuit has been initiated against Lockheed Martin, alleging violations of federal securities laws due to misleading statements and failure to disclose critical operational issues [2][8]. - The lead plaintiff in the lawsuit is an investor with the largest financial interest in the case, representing the interests of the class [8]. Company Operations - The complaints highlight that Lockheed Martin lacked effective internal controls and procedures for managing program complexities and risks, which contributed to the financial losses [2]. - The company has faced challenges in delivering on contract commitments regarding cost, quality, and schedule, leading to significant operational setbacks [2].

Core Viewpoint - A class action securities lawsuit has been filed against Lockheed Martin Corporation, alleging securities fraud that affected investors between January 23, 2024, and July 21, 2025 [1][2]. Group 1: Allegations - The lawsuit claims that Lockheed Martin lacked effective internal controls regarding risk-adjusted contracts and profit booking rates [2]. - It is alleged that the company did not have adequate procedures for comprehensive reviews of program requirements, technical complexities, schedules, and risks [2]. - 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 significant losses [2]. - As a result of these issues, the positive statements made by the defendants about the company's business and prospects were materially misleading [2]. Group 2: Legal Process - Investors who suffered losses during the specified timeframe have until September 26, 2025, to request appointment as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

Core Viewpoint - V2X, Inc. announced the sale of 2.0 million shares of its common stock by Vertex Aerospace, with V2X not participating in the sale and not receiving any proceeds from it [1] Group 1: Offering Details - Vertex Aerospace is the sole underwriter for the offering, which will be conducted through various methods including direct sales and brokerage transactions on the New York Stock Exchange [2] - The offering is expected to close on or about August 11, 2025, subject to customary closing conditions [1] Group 2: Share Repurchase Agreement - V2X has agreed to repurchase 200,000 shares of its common stock from the underwriter at the same price paid to Vertex Aerospace [3] - The repurchase will be funded with cash on hand [3] Group 3: Ownership and Governance Changes - After the offering, Vertex Aerospace will own approximately 32.3% of V2X's outstanding common stock, totaling 10,167,286 shares [4] - Following the transaction, two directors designated by Vertex Aerospace will resign from V2X's Board of Directors by the 2026 Annual Meeting of Shareholders [4] - Vertex Aerospace will have limited rights regarding the designation of directors and will lose consent rights over certain corporate actions [4] Group 4: Regulatory Information - A registration statement related to the shares was declared effective by the SEC on September 12, 2022, and the offering will be made by means of the written prospectus contained therein [5]

Financial Data and Key Metrics Changes - Total revenue reached approximately €190 million, reflecting a strong performance with a growth of 37% year-over-year, and an organic growth of 9% [4][21] - EBITDA increased to €27.5 million, representing a growth of 57% compared to the same period last year, with an EBITDA margin of 14.6% [4][24] - The gross margin improved from 32.8% in 2024 to 38.2% in the first half of 2025 [22] Business Line Data and Key Metrics Changes - The Smart Solutions division grew by 72%, achieving a top line of €44 million, with an EBITDA margin around 18% [5][6] - Digital Advisory division experienced a growth of 63%, while Software Engineering grew by 22%, mainly due to the integration of the WebGenesis business [6][16] - Overall EBITDA growth was significant across all business lines, particularly in Smart Solutions with a 75% increase [6][21] Market Data and Key Metrics Changes - International revenue accounted for €31 million, representing 16% of total revenue, which is lower than the previous year due to the integration of domestic companies [8] - Strategic areas such as Aerospace and Defense, Banking and Finance, and Public Sector are growing in contribution, while Tech, Industrial, and Automotive sectors are seeing a decrease in their contribution [10] Company Strategy and Development Direction - The company aims to accelerate growth in the Smart Solutions division, which is the most profitable [5] - Continued investment in R&D, totaling €12 million, reflects a 75% increase compared to the same period last year, focusing on innovative technology [7] - The three-year business plan includes a mix of continuity and M&A strategies, targeting a 10% growth rate [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving an average growth of 5% to 6% for the Software Engineering division despite fluctuations in quarterly performance [39] - The outlook for the second half of the year is positive, with expectations to exceed the defined guidance [18] - The company is scouting for additional M&A opportunities to enhance growth [19][20] Other Important Information - The company made a strategic investment in Altilia, focusing on artificial intelligence, with plans to increase stakes in the future [11][12] - The net debt as of June 2025 stood at €112 million, in line with guidance, and below two times the year EBITDA [9][29] Q&A Session Summary Question: What drove the change in trend for the Software Engineering business? - The Software Engineering business is linked to large projects, leading to variable performance. A strong Q2 last year made it difficult to achieve similar results this year, particularly in the telco industry, which is experiencing low investment [37][38] Question: What is the rationale behind the partial exit from Banco del Fucino? - The strategy remains unchanged; however, market conditions necessitated a two-step approach for the sale due to regulatory constraints on shareholding in banking institutions [40][41] Question: What is the expected timing for new M&A deals? - The company plans to make one to two small acquisitions in 2025, with larger deals anticipated in 2026. Current negotiations are in advanced stages for a small acquisition in the U.S. [43][46]

Core Insights - Karman reported strong financial results for Q2 fiscal 2025, with GAAP revenue of $115.1 million and non-GAAP adjusted EPS of $0.10, both exceeding Wall Street expectations [1][2] - The company experienced significant year-over-year growth in revenue and profitability metrics, driven by strong demand across its key markets [5][8] Financial Performance - Non-GAAP EPS increased by 233.3% year-over-year, from $0.03 in Q2 fiscal 2024 to $0.10 in Q2 fiscal 2025 [2] - GAAP revenue rose by 35.3% year-over-year, from $85.0 million in Q2 fiscal 2024 to $115.1 million in Q2 fiscal 2025 [2] - Adjusted EBITDA reached $35.3 million, a 28.7% increase from $27.4 million in the same quarter last year [2] - Funded backlog increased to $719.3 million, marking a 24.1% rise compared to the end of Q4 fiscal 2024 [6] Business Overview - Karman specializes in aerospace and defense, focusing on mission-critical systems for space and missile defense, tactical missiles, and launch applications [3] - The company serves a diverse customer base, including government agencies and prime defense contractors, with over 100 funded programs [3] Strategic Initiatives - Karman is expanding through internal product development and acquisitions to enhance technical capabilities and market reach [4] - Recent acquisitions, including MTI and ISP, aim to strengthen the company's design and manufacturing footprint, although they have increased expenses [7] Market Dynamics - The company achieved double-digit revenue growth across all main end markets, with notable contributions from hypersonics, strategic missile defense, space and launch, and tactical missiles [5] - Increased contract activity in high-urgency areas, such as hypersonics, continues to drive revenue growth [6] Future Outlook - Management raised its financial guidance for fiscal 2025, projecting revenue between $452 million and $458 million, and non-GAAP adjusted EBITDA between $138.5 million and $141.5 million [10] - The revised forecasts imply approximately a 32% year-over-year increase at the midpoint, reflecting confidence in order activity and contract execution [10]

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 Relevant Sections Class Period and Allegations - The class period for the lawsuit is from January 23, 2024, to July 21, 2025 [3]. - Allegations include: 1. Lack of effective internal controls related to risk-adjusted contracts and profit booking rates [3]. 2. Inadequate procedures for comprehensive reviews of program requirements and risks [3]. 3. Overstatement of the company's ability to meet contract commitments regarding cost, quality, and schedule [3]. 4. Likelihood of reporting significant losses as a result of the above issues [3]. 5. Misleading positive statements about the company's business and prospects [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by September 26, 2025, to participate in potential recovery [4]. - Registration includes enrollment in a 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].

Financial Data and Key Metrics Changes - Total sales for fiscal year 2025 reached $19.9 billion, with a record adjusted segment operating margin of 26.1%, an increase of 120 basis points from the prior year [6][31] - Adjusted EBITDA margin was 26.4%, up 80 basis points year-over-year, and adjusted EPS grew by 7% [6][31] - Record cash flow from operations was $3.8 billion, representing 19% of sales, with free cash flow also at a record $3.3 billion or 16.8% of sales [31][32] Business Line Data and Key Metrics Changes - Aerospace segment achieved record sales of $6.2 billion, reflecting 13% organic growth and a backlog of $7.4 billion [8][24] - Industrial segment recorded an adjusted operating margin of 25.1%, a 90 basis point increase from the previous year, with a forecast of 700 basis points margin expansion through fiscal year 2026 [10][11] - Aerospace Systems sales reached $1.7 billion, up 10% year-over-year, with adjusted segment operating margins increasing by 190 basis points to a record 29% [29][30] Market Data and Key Metrics Changes - North America sales were $2.1 billion, with organic growth down 1%, but adjusted operating margins increased by 170 basis points to a record 26.7% [25][26] - International sales were $1.5 billion, up 4%, with organic growth positive at 1%, and adjusted operating margins achieving a record of 24.7% [27][28] - Aerospace orders increased by 12%, indicating strong demand in both commercial and defense sectors [29][30] Company Strategy and Development Direction - The company is focused on its "Win Strategy," which emphasizes decentralized operations and a culture of high performance to drive growth across all economic climates [4][14] - Recent acquisition of Curtis Instruments aims to enhance electrification offerings and expand the portfolio into low voltage motor control solutions [12][13] - The company plans to maintain a disciplined capital deployment strategy while exploring both small and larger acquisition opportunities [80][82] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving another record year for fiscal year 2026, with guidance for organic sales growth of approximately 3% [36][39] - The aerospace market is expected to see high single-digit growth, while industrial markets are anticipated to recover gradually [32][33] - Management acknowledged challenges in the transportation sector but noted positive sentiment in distribution channels and ongoing improvements in other market verticals [56][58] Other Important Information - The company finished fiscal year 2025 with a record backlog of $11 billion, indicating strong future demand [7] - The guidance for fiscal year 2026 includes an adjusted EPS of $28.9, reflecting a 6% increase from the prior year [39][40] Q&A Session Summary Question: Can you discuss the Q1 guide and the sequential step down in EPS? - Management noted that Q1 EPS guidance reflects a $0.05 increase year-over-year, with expected margin expansion [49][50] Question: What are the green shoots seen across industrial short cycle businesses? - Management highlighted positive distributor sentiment and gradual recovery in industrial equipment, with expectations for increased MRO activity [55][56] Question: Can you elaborate on the Curtis acquisition and its margin profile? - Management indicated that while Curtis's initial margins may be dilutive, they expect to achieve full synergies within three years, similar to past acquisitions [65][66] Question: How are international orders performing? - Management explained that international orders were flat due to tough comparisons, but overall order dollars remained stable [72][73] Question: What is the outlook for aerospace orders and growth? - Management expects continued strong demand in aerospace, with a balanced growth forecast between defense and commercial sectors [102][103]

Core Viewpoint - The Lockheed Martin Corporation is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims of misleading statements and lack of effective internal controls during the specified class period [1][3]. Group 1: Allegations and Financial Impact - The lawsuit alleges that Lockheed Martin made false statements regarding its internal controls and ability to meet contract commitments, which led to significant financial losses [3]. - On October 22, 2024, Lockheed Martin announced an $80 million loss on a classified program, causing a stock price drop of over 6% [4]. - On January 28, 2025, the company reported pre-tax losses of $1.7 billion related to classified programs, resulting in a stock price decline of more than 9% [5]. - On July 22, 2025, Lockheed Martin disclosed an additional $1.6 billion in pre-tax losses, including $950 million from its Aeronautics Classified program, leading to a nearly 11% drop in stock price [6]. Group 2: Class Action Process - Investors who purchased Lockheed Martin securities during the class period can seek appointment as lead plaintiff in the lawsuit, representing the interests of the class [7]. - The lead plaintiff can select a law firm to litigate the case and does not need to be the lead plaintiff to share in any potential recovery [7]. Group 3: About the Law Firm - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [8].

Core Viewpoint - Lockheed Martin Corporation is under investigation for potential violations of securities laws, with claims that the company made false and misleading statements regarding its internal oversight and risk management practices [1][2]. Summary by Sections Investigation Details - The DJS Law Group is investigating claims against Lockheed Martin for securities law violations, specifically for the period between January 23, 2024, and July 21, 2025 [1]. - Investors are encouraged to contact the firm before September 26, 2025, if they purchased the company's securities during the specified class period [1]. Allegations Against Lockheed Martin - The complaint alleges that Lockheed Martin failed to maintain adequate internal oversight concerning risk-adjusted contracts and the calculation of its risk-adjusted profit booking rate [2]. - The company is accused of lacking effective systems for thorough evaluations of programs that involve complex technical factors and associated risks [2]. - Lockheed Martin allegedly exaggerated its ability to fulfill contract obligations with high quality, punctuality, and cost efficiency, leading to the likelihood of substantial losses [2]. - The public representations made by the company during the class period are claimed to be false and materially misleading, resulting in financial losses for investors once the truth emerged [2].