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Class Action Lawsuit Filed Against Lockheed Martin Corporation

A securities class action lawsuit has come to light accusing Lockheed Martin Corporation (NYSE: LMT) of misleading investors about its financial health. Filed on September 4, 2025, the lawsuit, known as Khan v. Lockheed Martin Corporation, represents investors who purchased shares between January 23, 2024, and July 21, 2025. The main allegation points to the company's failure to disclose significant internal control inadequacies that affected its ability to evaluate program risks accurately.

Allegations of Misrepresentation

The lawsuit claims that during the relevant period, Lockheed Martin presented an overly optimistic view of its operations, especially in the Aeronautics and Rotary and Mission Systems (RMS) segments. Shareholders were allegedly misled about the company’s ability to fulfill contracts due to substantial weaknesses in internal controls required for evaluating program requirements and risks. Consequently, it was more likely that the company would face considerable losses, which were not communicated to investors.

Emergence of the Truth Through Disclosures

The truth about Lockheed Martin's financial situation began to surface through several adverse announcements, which triggered sharp declines in stock prices. Here are the key events that steered investors towards understanding the company's real state:

• - January 28, 2025: Lockheed Martin revealed significant pre-tax losses amounting to $1.8 billion in its Aeronautics segment.
• - April 17, 2025: The company's Chief Financial Officer resigned, raising concerns about its financial management.
• - July 22, 2025: Another shocking disclosure occurred when Lockheed Martin announced an additional $950 million in pre-tax losses for its Aeronautics segment, and another $570 million for its RMS segment. This was linked to complications with the Canadian Maritime Helicopter Program.

Each of these incidents resulted in dramatic stock price decreases, with the final revelation leading to an almost 11% drop in Lockheed Martin's stock.

Investigation by Hagens Berman

The law firm Hagens Berman, known for representing plaintiffs in corporate accountability cases, is currently investigating the claims made in the lawsuit to determine if the substantial losses are indicative of systemic issues instigated by poor internal controls and inadequate communication of risks. Reed Kathrein, a partner at Hagens Berman, stated, “The scale of these losses and their recurrence across different programs suggests a systemic issue, not a series of isolated problems.” The investigation is focused on whether executives were aware of the inefficiencies in internal controls and if they failed to disclose the risks leading to billions in write-downs.

What This Means for Lockheed Martin Investors

Investors who have faced significant losses due to these events are encouraged to contact Hagens Berman to discuss their options. Participation in this lawsuit may provide avenues for recovery by holding the company accountable for misleading its investors regarding its internal controls and financial health.

For those who may wish to share more information or assist in the firm’s investigation, especially whistleblowers with valuable insights about Lockheed Martin, Hagens Berman invites communication. There are currently incentives available through the SEC Whistleblower program, which may reward whistleblowers with up to 30% of any successful recovery made by the SEC.

Lockheed Martin has not publicly commented on the lawsuit as of now. Investors and stakeholders alike will be watching how the case unfolds, as its implications on corporate governance and accountability resonate across the corporate landscape.

For more details regarding the lawsuit and to address frequently asked questions, visit Hagens Berman’s website.

This unfolding situation serves as a cautionary tale regarding transparency and the importance of robust internal controls in maintaining investor confidence. Investors must remain vigilant and informed to navigate the complexities of stock ownership in substantial corporations such as Lockheed Martin.