Pomerantz Law Firm Alerts Lockheed Martin Investors on Class Action Status and Important Deadlines
In a recent development that has raised significant concerns among investors, Pomerantz LLP has announced the filing of a class action lawsuit against Lockheed Martin Corporation. This legal action stems from allegations surrounding securities fraud and other potentially illegal business practices conducted by the company and certain individuals in leadership positions. Those who have experienced financial losses due to their investment in Lockheed Martin are encouraged to seek more information regarding their rights and the forthcoming legal processes.
The situation regarding Lockheed Martin is serious, as it follows a series of disappointing financial disclosures that have rattled the stock market. On October 22, 2024, prior to the opening of the market, the company publicly acknowledged the need to recognize an alarming $80 million loss related to a classified program in its Aeronautics segment. This disclosure was coupled with news of additional financial setbacks within its Rotary and Mission Systems segment. Consequently, on the same day, Lockheed's stock price plummeted by $37.63, or 6.12%, resulting in a closing price of $576.98 per share.
Worse yet, on January 28, 2025, Lockheed issued another shocking statement that it had incurred pre-tax losses totaling $1.7 billion, impacting its classified programs across both the Aeronautics and Missiles and Fire Control segments. The explanation included a comprehensive review of technical complexities and performance trends, illustrating that losses in the Aeronautics program alone amounted to $555 million. In total, Lockheed's net earnings for the year 2024 plummeted to $5.3 billion or $22.31 per share, starkly contrasting the $6.9 billion or $27.55 per share reported the previous year.
As stock prices follow a downward trajectory, the company saw a sliding stock price of $46.24, accounting for a 9.2% drop to $57.45 per share shortly thereafter.
The challenges continued onto July 22, 2025, when Lockheed reported its second-quarter earnings for 2025. The results indicated not just lower earnings but also substantial program losses, amounting to $1.6 billion in total. In a detailed breakdown, Lockheed disclosed $950 million in losses from its Aeronautics Classified program, citing design and integration issues that had caused a ripple effect across their operations. The company’s stock incurred another significant decline, losing $49.79 or 10.8% to close at $410.74 per share on the same day.
This troubling pattern of disclosures, losses, and resultant stock price fluctuations has prompted Pomerantz LLP to act, underscoring the importance of investor representation in a class action framework. Investors who held Lockheed securities during the stated class period and experienced losses due to these financial announcements have until September 26, 2025, to express their intentions of becoming the Lead Plaintiff in the class action.
In the midst of mounting investor anxiety, Pomerantz LLP brings over 85 years of experience to the forefront in fighting for the rights of those wronged by securities fraud and corporate misconduct. They have been pivotal in recovering multimillion-dollar damages on behalf of class members in various contexts, with their reputation cemented by decades of successful representation.
For additional details regarding the class action, investors can connect with Danielle Peyton at Pomerantz LLP via email or phone, as the firm prepares to bolster investor power in the face of corporate challenges.
Stay informed and engaged as future developments continue to unfold around this critical issue for Lockheed Martin investors, ensuring that those affected are not only represented but also empowered to reclaim their losses and hold the company accountable for its actions.
The situation regarding Lockheed Martin is serious, as it follows a series of disappointing financial disclosures that have rattled the stock market. On October 22, 2024, prior to the opening of the market, the company publicly acknowledged the need to recognize an alarming $80 million loss related to a classified program in its Aeronautics segment. This disclosure was coupled with news of additional financial setbacks within its Rotary and Mission Systems segment. Consequently, on the same day, Lockheed's stock price plummeted by $37.63, or 6.12%, resulting in a closing price of $576.98 per share.
Worse yet, on January 28, 2025, Lockheed issued another shocking statement that it had incurred pre-tax losses totaling $1.7 billion, impacting its classified programs across both the Aeronautics and Missiles and Fire Control segments. The explanation included a comprehensive review of technical complexities and performance trends, illustrating that losses in the Aeronautics program alone amounted to $555 million. In total, Lockheed's net earnings for the year 2024 plummeted to $5.3 billion or $22.31 per share, starkly contrasting the $6.9 billion or $27.55 per share reported the previous year.
As stock prices follow a downward trajectory, the company saw a sliding stock price of $46.24, accounting for a 9.2% drop to $57.45 per share shortly thereafter.
The challenges continued onto July 22, 2025, when Lockheed reported its second-quarter earnings for 2025. The results indicated not just lower earnings but also substantial program losses, amounting to $1.6 billion in total. In a detailed breakdown, Lockheed disclosed $950 million in losses from its Aeronautics Classified program, citing design and integration issues that had caused a ripple effect across their operations. The company’s stock incurred another significant decline, losing $49.79 or 10.8% to close at $410.74 per share on the same day.
This troubling pattern of disclosures, losses, and resultant stock price fluctuations has prompted Pomerantz LLP to act, underscoring the importance of investor representation in a class action framework. Investors who held Lockheed securities during the stated class period and experienced losses due to these financial announcements have until September 26, 2025, to express their intentions of becoming the Lead Plaintiff in the class action.
In the midst of mounting investor anxiety, Pomerantz LLP brings over 85 years of experience to the forefront in fighting for the rights of those wronged by securities fraud and corporate misconduct. They have been pivotal in recovering multimillion-dollar damages on behalf of class members in various contexts, with their reputation cemented by decades of successful representation.
For additional details regarding the class action, investors can connect with Danielle Peyton at Pomerantz LLP via email or phone, as the firm prepares to bolster investor power in the face of corporate challenges.
Stay informed and engaged as future developments continue to unfold around this critical issue for Lockheed Martin investors, ensuring that those affected are not only represented but also empowered to reclaim their losses and hold the company accountable for its actions.
Topics Financial Services & Investing）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.