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Faruqi & Faruqi, LLP Explores Legal Actions Against Lockheed Martin

Faruqi & Faruqi, LLP, a prominent national law firm specializing in securities litigation, is currently examining possible legal claims on behalf of investors who have suffered significant financial losses due to their holdings in Lockheed Martin Corporation. This investigation comes in light of allegations that the defense contractor made misleading statements and failed to disclose crucial information regarding its financial health and operational challenges.

Context of the Investigation

The firm is particularly concentrating on investors who incurred losses exceeding $75,000 between January 23, 2024, and July 21, 2025. Investors are encouraged to reach out and discuss their rights and potential legal paths. As part of its due diligence, Faruqi & Faruqi has set a deadline of September 26, 2025, for interested parties to assume the role of lead plaintiff in a federal securities class action against Lockheed Martin.

Allegations Against Lockheed Martin

The allegations against Lockheed Martin include several staggering claims:
1. The company reportedly lacks effective internal controls concerning its risk-adjusted contracts, which raises questions about the accuracy of their profit bookings.
2. There are significant deficiencies in the procedures employed to evaluate program requirements and technical complexities, suggesting the company failed to realistically assess risks and schedules.
3. Lockheed Martin has been accused of overstating its capacity to fulfill contract obligations related to cost, quality, and timelines.
4. These failings have raised concerns about the likelihood of substantial losses, which have materialized in financial reports.
5. As a culmination of these issues, statements made by the company's executives about its health and prospects appear to misrepresent the actual situation.

Recent Financial Struggles

Lockheed Martin's recent financial disclosures reflect these issues. On October 22, 2024, the company announced $80 million in losses tied to a classified program, resulting in a significant drop in share price by 6.12%. Subsequent announcements regarding pre-tax losses of approximately $1.7 billion on classified programs led to further stock depreciation. By July 22, 2025, Lockheed Martin disclosed an additional $1.6 billion in pre-tax losses, causing another sharp decline in stock value, clearly illustrating the repercussions of the alleged mismanagement and misleading public statements.

The Role of the Lead Plaintiff

The role of the lead plaintiff is pivotal in these class-action cases, as they will guide the litigation on behalf of all impacted investors. Individuals wishing to serve in this capacity may do so through legal representation of their choice, or they may opt to remain passive class members, which will not affect their potential recovery.

Seeking Information

Faruqi & Faruqi aims to gather more information regarding Lockheed Martin's performance, and they invite whistleblowers, former employees, and other stakeholders to come forward. Those affected are encouraged to stay informed through the firm’s channels. For further details about the investigation or to express interest in participating, investors can visit Faruqi & Faruqi's website or reach out directly to partner Josh Wilson at the provided contact numbers.

Conclusion

This situation has garnered significant attention among investors as Lockheed Martin navigates through turbulent times. Faruqi & Faruqi, LLP's investigation signifies a critical step for investors seeking to hold the company accountable for their financial missteps. As the deadline approaches, affected individuals are urged to assess their options and act promptly.

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