Lockheed Martin Investors Urged to Join Class Action Lawsuit by Faruqi & Faruqi

Legal Alert: Lockheed Martin Class Action Lawsuit

Faruqi & Faruqi, LLP, well-known in securities law, recently announced an ongoing investigation into claims against Lockheed Martin Corporation. The firm is urging investors who acquired Lockheed Martin securities between January 23, 2024, and July 21, 2025, to come forward, as they may have grounds for participation in a federal securities class action.

The lawsuit has significant implications for the company and its investors, particularly as it raises concerns about Lockheed Martin's internal controls and financial reporting practices. This leads to critical questions about the company's risk management concerning its contracts, which have allegedly not been managed adequately. Investors are particularly alarmed by the claims that the company overstated its ability to fulfill contractual obligations related to cost, quality, and scheduling.

Key Dates and Deadlines

The firm has emphasized that September 26, 2025, is a crucial deadline for those interested in becoming the lead plaintiff. A lead plaintiff is typically the individual with the most substantial financial stake in the outcome of the case and who can adequately represent the interests of the class in the lawsuit.

Background of Allegations

The allegations against Lockheed Martin include a series of misleading statements released by the company regarding its financial health and operational performance. These include:
1. Lack of proper internal controls related to their risk-adjusted contracts.
2. Inability to conduct thorough reviews of program requirements and risks.
3. Overstated projections regarding delivery commitments and associated costs.
4. A strong possibility of significant financial losses emerging due to these factors.

The company’s disclosures have led investors to face sharp declines in share prices following announcements of substantial losses. For example, on October 22, 2024, Lockheed Martin reported a loss of $80 million due to higher-than-expected costs in a classified program, dramatically affecting share prices. Similarly, further revelations on January 28, 2025, regarding pre-tax losses of $1.7 billion sent shares tumbling even further.

Investor Engagement

The September 26 deadline works as a significant prompt for aggrieved investors to either align with legal representation to challenge the company’s conduct or to step back from the process. The legal firm, led by partner Josh Wilson, invites affected investors to make contact. They claim that participation in this action does not limit the ability to benefit from any general recovery achieved later, whether as lead plaintiff or not.

The firm also extends its outreach to whistleblowers and former employees who may hold valuable insights into the circumstances leading to these claims.

How to Proceed

Those who wish to explore their legal options can reach out directly to Faruqi & Faruqi's New York offices or visit their website for more detailed guidance on the class action. The firm reassures potential plaintiffs that all inquiries will be treated confidentially, and they are eager to discuss individual cases further.

In light of the pending legal actions and the complexities surrounding Lockheed Martin’s operational disclosures, affected investors should act quickly to protect their rights and interests as shareholders. Being proactive can make a significant difference in any potential legal recovery trajectory.

For more information, interested parties can contact Josh Wilson directly at the numbers provided or visit Faruqi & Faruqi's website.

This situation continues to evolve, and updates will be provided as developments unfold.