#USA #Class Action #San Francisco #Lockheed Martin #Hagens Berman

Lockheed Martin Faces Securities Class Action

A recent class action lawsuit has raised serious allegations against Lockheed Martin Corporation (NYSE: LMT), igniting concerns among its investors regarding the integrity of the company's financial reporting. The lawsuit filed by Hagens Berman, a well-respected plaintiffs' rights law firm, claims that Lockheed Martin misled its investors about its financial health from January 23, 2024, to July 21, 2025.

Allegations of Financial Deceit

The heart of the lawsuit centers on accusations that Lockheed Martin failed to reveal serious deficiencies in its internal controls, particularly regarding how it assesses program risks. The complaint outlines a troubling pattern of misrepresentation that the company allegedly employed to paint a false picture of its operational capabilities and financial health. Investors were led to believe that the company was on solid footing, capable of fulfilling its contractual obligations in its Aeronautics and Rotary and Mission Systems (RMS) segments. However, the lawsuit contends that the reality was starkly different, characterized by inadequate internal controls and a lack of effective risk management procedures.

Impact on Stock Prices

The fallout from Lockheed Martin's alleged misconduct has been significant, with a series of announcements revealing troubling financial results. Investors began to grasp the severity of the situation following several disclosures:

• - On January 28, 2025, Lockheed Martin reported staggering pre-tax losses of $1.8 billion in its Aeronautics segment, signaling potential issues within its operations.
• - The company faced another blow on April 17, 2025, when it announced the departure of its Chief Financial Officer, further fueling speculation about its financial stability.
• - A major revelation came on July 22, 2025, when Lockheed Martin disclosed an additional $950 million in pre-tax losses for the Aeronautics division and $570 million in pre-tax losses for its RMS segment, directly related to complications with the Canadian Maritime Helicopter Program.

These successive announcements led to drastic declines in Lockheed Martin's share price, with a near 11% drop following the latest disclosures. This chain of events has raised serious concerns among investors about the company's governance and transparency.

Investigative Focus of Hagens Berman

Hagens Berman is now investigating whether Lockheed Martin's leadership had knowledge of their inadequate internal controls and whether they were misleading investors about the company's risk profile. Partner Reed Kathrein emphasized the scope of the alleged issue, stating, "The scale of these losses and their recurrence across different programs suggests a systemic issue, not a series of isolated problems." His remarks underscore the gravity of the allegations and the potential implications for those at the helm of the company.

Calling All Affected Investors

Given the potential ramifications of this lawsuit, Hagens Berman is urging investors who believe they have suffered substantial losses from their investment in Lockheed Martin to reach out before the September 26, 2025, deadline. The firm aims to gather as much information as possible to assist with the ongoing investigation and represent affected investors in the lawsuit.

Whistleblower Encouragement

Furthermore, the law firm is open to information from whistleblowers who may possess insider knowledge regarding Lockheed Martin’s operations. Under the SEC's Whistleblower program, individuals providing original information could earn rewards constituting up to 30% of any successful recovery achieved by the SEC from their tips.

About Hagens Berman

Hagens Berman has a strong track record of holding corporations accountable for fraud and misconduct. With a focus on investor rights, the firm has successfully secured over $2.9 billion for clients who have been victims of corporate negligence and other wrongdoings. Their commitment to social justice and corporate accountability positions them as a pivotal entity in this unfolding situation surrounding Lockheed Martin. For more information on the lawsuit and how to potentially get involved, visit their website or reach out directly for further inquiries.

Investors believing they have a claim against Lockheed Martin or those looking to support the investigation can find more information on Hagens Berman's website.