Pomerantz Law Firm Alerts Investors of Class Action Against Lockheed Martin Corporation

Investor Alert: Class Action Against Lockheed Martin Corporation

Pomerantz LLP has officially launched a class action lawsuit against Lockheed Martin Corporation, a leading name in the aerospace and defense sector, as of August 22, 2025. This initiative is geared towards protecting investors who might have sustained losses on their investments in Lockheed Martin (NYSE: LMT) amid claims of potential securities fraud and unlawful business practices.

What Happened?

The turmoil began on October 22, 2024, when Lockheed announced that it needed to acknowledge substantial losses amounting to $80 million linked to a classified program within its Aeronautics division. The company attributed these losses to unexpectedly high costs to meet program objectives. Following this announcement, Lockheed's stock price plummeted by $37.63— a significant 6.12% decrease, closing at $576.98 on the same day.

In subsequent financial disclosures, Lockheed revealed increasingly worrisome information. On January 28, 2025, the company reported pre-tax losses nearing $1.7 billion, driven by underperformance across classified programs in both the Aeronautics and Missiles and Fire Control divisions. The details disclosed included a staggering $555 million loss related explicitly to the Aeronautics program and around $1.3 billion stemming from the Missiles and Fire Control operations. Following this grim announcement, Lockheed's shares suffered another sharp decline, falling $46.24, or 9.2%, to close at $57.45 per share.

Further Financial Struggles

The downward spiral continued with the release of the second-quarter financial results for 2025 on July 22, where Lockheed reported a shocking $1.6 billion in program losses. This disclosure included a substantial $950 million loss related to harm in the Aeronautics Classified program due to various operational challenges. The company's troubles didn't stop there, as they detailed additional losses, including $570 million on the Canadian Maritime Helicopter Program, caused by increased mission capabilities and logistical demands. Following this third major setback, Lockheed's stock fell yet again by $49.79, a significant 10.8%, closing at $410.74.

Legal Grounds

The essence of the class action rests on the alleged securities fraud conducted by Lockheed and specific officers or directors. Given the gravity of the situation, those who purchased or acquired Lockheed securities during the class period (before the announcements of losses) are encouraged to contact Pomerantz LLP. Investors have a deadline until September 26, 2025, to seek the court's appointment as Lead Plaintiff for this lawsuit.

The firm has a strong reputation, established by the late Abraham L. Pomerantz, known for pioneering work within the securities class action domain. With over 85 years of experience, they continue to champion for victims of securities fraud and corporate misconduct, making significant strides in recovering damages for class members.

Investors who wish to learn more or participate in the class action are advised to reach out to Danielle Peyton at Pomerantz LLP via email or telephone. Interested parties should be ready to provide their contact information and the quantity of shares they bought.

Conclusion

The ongoing situation surrounding Lockheed Martin represents a significant moment for investors, particularly as the spotlight intensifies on corporate accountability. The Pomerantz firm’s move reflects an essential step in ensuring justice for those impacted by these unexpected financial blows. Affected investors should keep a close watch on upcoming developments and deadlines as the case progresses.