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

Lockheed Martin's Financial Misrepresentation: A Class Action Lawsuit

Investors who bought shares of Lockheed Martin Corporation (NYSE: LMT) between January 23, 2024, and July 21, 2025, may want to pay attention. A securities class action lawsuit has been filed against the aerospace and defense giant alleging that the company misled its investors about its financial health by failing to disclose critical information regarding its internal controls and risk assessment processes.

Overview of the Allegations

The claim, identified as Khan v. Lockheed Martin Corporation, argues that throughout the specified investment period, Lockheed Martin provided a distorted view of its operational capabilities. According to the lawsuit, the company exaggerated its ability to fulfill contractual obligations within its Aeronautics and Rotary and Mission Systems (RMS) divisions. Plaintiffs argue that Lockheed Martin lacked effective internal controls necessary to evaluate program risks accurately, which ultimately led to substantial financial losses that were not communicated to investors.

The Disclosures That Shocked Investors

The allegations have become more pronounced following a series of negative disclosures from the company that greatly affected shareholder confidence and stock prices. Key disclosures included:

• - January 28, 2025: Lockheed Martin reported pre-tax losses amounting to $1.8 billion in its Aeronautics segment.
• - April 17, 2025: The sudden departure of the company's Chief Financial Officer (CFO) was announced, instantly raising eyebrows among investors regarding the financial integrity of the company.
• - July 22, 2025: Further distress set in as the company disclosed an additional $950 million in pre-tax losses for the Aeronautics division, along with $570 million in losses tied to the RMS segment, primarily due to complications in the Canadian Maritime Helicopter Program.

Each of these disclosures led to sharp declines in Lockheed Martin's stock, culminating in an almost 11% drop in share price after the last announcement.

Hagens Berman's Involvement

In light of these troubling revelations, Hagens Berman, a well-respected national plaintiffs' rights law firm, is investigating claims on behalf of investors who have suffered significant losses. The firm is focusing on whether these devastating financial outcomes were due to avoidable internal control failures and a lack of transparency regarding risks that the company overloaded its investors with. Reed Kathrein, the partner leading the case, stated, "The scale and recurrence of these losses indicate a systemic issue, not merely isolated incidents. Our priority is determining whether executives were aware of the shortcomings in their internal controls and if they were honest about the risks that eventually lead to billions in write-downs."

Investors who have suffered losses or who can offer insight into the company’s practices are strongly encouraged to reach out to Hagens Berman before the impending deadline of September 26, 2025. The firm is soliciting information and offering a platform for investors to share their experiences about Lockheed Martin.

Whistleblower Participation

Moreover, Hagens Berman is also calling for whistleblowers with non-public information related to Lockheed Martin to assist in this critical investigation. The SEC Whistleblower program allows for substantial rewards, potentially reaching up to 30% of any successful recovery resulting from disclosed information.

If you believe you have been impacted by Lockheed Martin’s misleading financial statements, or have pertinent information to assist in the investigation, please consider getting in touch with Hagens Berman at [email protected] or by calling 844-916-0895.

Conclusion

With a spotlight now trained on Lockheed Martin and its allegedly deceptive practices, investors are reminded of the importance of corporate accountability and transparency. As the case unfolds, it may serve as an essential reminder for companies about the crucial role of ethical financial practices, and for investors about the risks of corporate investments. Vigilance and timely action could make all the difference.

To stay updated, follow Hagens Berman on social media at @ClassActionLaw or visit their website at hbsslaw.com for further information regarding the case and other important updates.