Lockheed Martin's UFO Scrap: Unusual Material Not Made on Earth
ByAinvest
Friday, Sep 12, 2025 1:45 pm ET1min read
LMT--
The lawsuit claims that Lockheed Martin lacked effective internal controls regarding its risk-adjusted contracts, failed to disclose material adverse facts about its business, and overstated its ability to deliver on its contract commitments. The company has since reported significant losses due to higher-than-anticipated costs and performance issues, leading to a series of stock price declines. For instance, the company's share price fell by $37.63 or 6.12% on October 22, 2024, following the announcement of $80 million in losses [2].
Separately, Lockheed Martin has been under scrutiny for allegations made by UAP journalist George Knapp during a House Oversight Committee hearing. Knapp claimed that the company had stored "unusual material" at a California facility that was "not made here." These allegations suggest that Lockheed Martin may have possessed advanced technology that is not of Earth origin. However, the company has not publicly commented on these allegations .
Despite these challenges, Lockheed Martin remains a significant player in the aerospace and defense industry. The company's $176 billion backlog by 2024 underscores its importance in defense and space applications. Moreover, its recent collaboration with Korea Zinc to establish a China-free germanium supply chain highlights its commitment to strategic partnerships and diversification [1].
George Knapp, a UAP journalist, claimed during a House Oversight Committee hearing that Lockheed Martin had stored "unusual material" at a California facility that was "not made here." Knapp's allegations suggest that the company may have possessed advanced technology that is not of Earth origin. Lockheed Martin has not publicly commented on the allegations.
Lockheed Martin Corporation (NYSE: LMT) is currently facing a class action lawsuit filed in the United States District Court for the Southern District of New York. The lawsuit alleges that the company made materially false and misleading statements about its business, operations, and prospects during a specific period between January 23, 2024, and July 21, 2025. Investors who purchased or otherwise acquired Lockheed Martin securities during this time are encouraged to contact Bragar Eagel & Squire, P.C., the law firm representing the class action [2].The lawsuit claims that Lockheed Martin lacked effective internal controls regarding its risk-adjusted contracts, failed to disclose material adverse facts about its business, and overstated its ability to deliver on its contract commitments. The company has since reported significant losses due to higher-than-anticipated costs and performance issues, leading to a series of stock price declines. For instance, the company's share price fell by $37.63 or 6.12% on October 22, 2024, following the announcement of $80 million in losses [2].
Separately, Lockheed Martin has been under scrutiny for allegations made by UAP journalist George Knapp during a House Oversight Committee hearing. Knapp claimed that the company had stored "unusual material" at a California facility that was "not made here." These allegations suggest that Lockheed Martin may have possessed advanced technology that is not of Earth origin. However, the company has not publicly commented on these allegations .
Despite these challenges, Lockheed Martin remains a significant player in the aerospace and defense industry. The company's $176 billion backlog by 2024 underscores its importance in defense and space applications. Moreover, its recent collaboration with Korea Zinc to establish a China-free germanium supply chain highlights its commitment to strategic partnerships and diversification [1].
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