Lockheed Martin Investors Alert: Deadline to File Securities Fraud Lawsuit Approaching on September 26, 2025

Investors who purchased Lockheed Martin Corporation (LMT) securities between January 23, 2024, and July 21, 2025, are urged to contact Glancy Prongay & Murray LLP about a securities fraud lawsuit. The lawsuit alleges that Lockheed Martin concealed losses on classified programs, resulting in a share price decline of 6.12% on October 22, 2024, and 9.2% on January 28, 2025. The deadline to file a lead plaintiff motion is September 26, 2025.

Investors who purchased Lockheed Martin Corporation (LMT) securities between January 23, 2024, and July 21, 2025, are urged to contact Glancy Prongay & Murray LLP about a securities fraud lawsuit. The lawsuit alleges that Lockheed Martin concealed losses on classified programs, resulting in a share price decline of 6.12% on October 22, 2024, and 9.2% on January 28, 2025. The deadline to file a lead plaintiff motion is September 26, 2025.

The lawsuit, filed in the United States District Court for the Southern District of New York, alleges that Lockheed Martin made materially false and/or misleading statements and failed to disclose material adverse facts about its business, operations, and prospects. Specifically, the complaint alleges that Lockheed Martin lacked effective internal controls regarding its risk-adjusted contracts and the reporting of its risk-adjusted profit booking rate. The company also failed to maintain effective procedures to perform comprehensive reviews of program requirements, technical complexities, schedule, and risks. Additionally, Lockheed Martin overstated its ability to deliver on its contract commitments in terms of cost, quality, and schedule, which led to significant losses.

The lawsuit further alleges that on January 28, 2025, before the market opened, Lockheed Martin announced it was forced to record pre-tax losses of $1.7 billion associated with classified programs at its Aeronautics and Missiles and Fire Control business. The company explained that it had performed a comprehensive review of program requirements, technical complexities, schedule, and risks, which resulted in the recognition of $555 million of losses in its Aeronautics program. The company also reported additional losses of approximately $1.3 billion in its Missiles and Fire Control business. As a result, Lockheed Martin's net earnings in 2024 were $5.3 billion, or $22.31 per share, compared to $6.9 billion, or $27.55 per share, in 2023. The company's share price fell $46.24 or 9.2% to close at $457.45 on January 28, 2025, on unusually heavy trading volume.

On July 22, 2025, before the market opened, Lockheed Martin disclosed it was forced to record an additional $1.6 billion in pre-tax losses on classified programs, including $950 million in losses related to its Aeronautics Classified program due to design, integration, and test challenges, as well as other performance issues. The company also recorded $570 million in losses on its Canadian Maritime Helicopter Program due in part to providing additional mission capabilities, enhanced logistical support, and fleet life extension.

Investors who believe they have been affected by these alleged securities fraud activities are encouraged to contact Glancy Prongay & Murray LLP. The firm specializes in securities class action lawsuits and shareholder rights litigation. The deadline to file a lead plaintiff motion is September 26, 2025.

References:
[1] https://www.globenewswire.com/news-release/2025/07/29/3123524/10782/en/Gainey-McKenna-Egleston-Announces-A-Class-Action-Lawsuit-Has-Been-Filed-Against-Lockheed-Martin-Corporation-LMT.html