Lockheed Martin Faces Investor Class Action Over $3.3 Billion Losses As Securities Fraud Probe Heats Up Ahead Of Deadline

Lockheed Martin Faces Investor Class Action Over $3.3 Billion Losses As Securities Fraud Probe Heats Up Ahead Of Deadline

Law Firm Faruqi & Faruqi LLP is investigating potential claims against Lockheed Martin, as investors face a September 26th deadline to seek lead plaintiff status in a securities class action. The case alleges that executives misled investors about internal controls, contract delivery, and risk management. Over eight months, Lockheed disclosed $3.38 billion in losses tied to classified programs, Aeronautics, Missiles and Fire Control, and international helicopter programs. Shares dropped 33 from October 2024 to July 2025, while net earnings fell to $342 million, causing shares to drop 10.8 on unusually heavy trading volume. The stock’s decline came as defense equities gained traction on speculation of Trump administration investments in major contractors, following a $8.9 billion, 9.9 stake in Intel.


User: Benzinga

Views: 20

Uploaded: 2025-08-28

Duration: 00:54

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