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Investor Alert: Lockheed Martin's Class Action Lawsuit Opportunity

On July 30, 2025, Robbins Geller Rudman & Dowd LLP announced an important legal opportunity for investors holding securities of Lockheed Martin Corporation (NYSE: LMT) during the class period from January 23, 2024, through July 21, 2025. Investors who have incurred significant losses are encouraged to come forward to lead the class action lawsuit against the aerospace and defense giant.

Background of the Lawsuit

The class action lawsuit, identified as Khan v. Lockheed Martin Corporation, alleges that Lockheed Martin and its current and former executives committed violations of the Securities Exchange Act of 1934. The firm claims that the company made misleading statements and failed to disclose critical information related to its operational practices during the specified class period.

Case Allegations

The allegations against Lockheed Martin detail multiple operational shortcomings:

1. Internal Control Failures: Lockheed Martin purportedly lacked effective internal controls related to its risk-adjusted contracts, particularly in how it reported its profit booking rate.

2. Technical Review Deficiencies: The company was also said to have inadequate procedures for conducting thorough reviews of its program requirements, which should encompass technical complexities, scheduling, and risk factors.

3. Overstated Delivery Capabilities: Lockheed Martin allegedly overstated its ability to meet contract commitments regarding cost, quality, and delivery schedules. As a result, investors were blindsided by significant financial losses.

The Financial Fallout

The situation worsened for Lockheed Martin as the company faced substantial financial losses recently disclosed in their quarterly statements:

• - Immediate Impacts on Stock Prices: On October 22, 2024, Lockheed Martin announced an unexpected loss of $80 million from a classified program, triggering a stock price drop of over 6%.
• - Subsequent Disclosures: By January 28, 2025, the losses ballooned to $1.7 billion involving classified programs, partially due to performance trends leading to another decline of over 9% in stock value.
• - Latest Developments: On July 22, 2025, yet another staggering loss of $1.6 billion was revealed, including further challenges related to their Aeronautics Classified program, causing an almost 11% decrease in stock prices.

Lead Plaintiff Process

The Private Securities Litigation Reform Act of 1995 allows any shareholder who purchased Lockheed Martin securities during the specified class period to seek placement as the lead plaintiff in the lawsuit. The responsibilities of a lead plaintiff include representing the interests of the entire class of affected investors and directing the lawsuit's course. Importantly, being a lead plaintiff does not impact an investor's potential to recover losses.

About Robbins Geller Rudman & Dowd LLP

Founded in 1994, Robbins Geller Rudman & Dowd LLP has established itself as a leading law firm in securities fraud and shareholder litigation with an impressive track record. The firm has secured billions in monetary relief for investors, ranking as the top firm in the ISS Securities Class Action Services for four out of the last five years. Their expertise is invaluable for investors seeking justice against corporate misconduct.

For further inquiries or to express interest in becoming a lead plaintiff, investors can reach out to attorneys J.C. Sanchez or Jennifer N. Caringal at Robbins Geller by calling 800-449-4900 or via email at email protected]. Additionally, more information about the case can be found [here.