#United States #Los Angeles #Securities Fraud #Lockheed Martin #Investors Losses

Investors Invited to Lead Class Action Against Lockheed Martin

On September 11, 2025, Glancy Prongay & Murray LLP made an official announcement regarding a class action lawsuit against Lockheed Martin Corporation (NYSE: LMT), focusing on securities fraud. Investors who incurred losses during specific time frames are encouraged to step forward as potential lead plaintiffs in this class action suit. The deadline for interested parties to join the lawsuit is fast approaching on September 26, 2025, making swift action imperative.

Details of the Lawsuit

The lawsuit stems from allegations that between January 23, 2024, and July 21, 2025, Lockheed Martin misrepresented and failed to disclose significant internal issues that affected its operations. Specifically, it is alleged that the company lacked effective internal controls concerning risk-adjusted contracts, which severely impacted its profitability. Below are the key claims made in the lawsuit:

1. Failure to Disclose Internal Control Gaps: Investors were reportedly not informed that Lockheed Martin's internal controls regarding its risk-adjusted contracts were insufficient, leading to misleading information being reported about profit booking rates.

2. Inadequate Program Reviews: The suit indicates that Lockheed Martin did not have proper procedures for conducting comprehensive reviews of technical complexities, requirements, schedules, and associated risks, which could jeopardize project execution.

3. Overstatement of Performance Capability: Lockheed Martin allegedly overstated its capability to fulfill contractual obligations regarding costs, quality, and timing, creating a false sense of investor security.

4. Impending Financial Losses: As a direct result of the misleading information, the company faced significant losses, a fact that was not disclosed to investors until it was too late.

5. Materially Misleading Statements: The company's assertions about its operational performance and growth prospects were deemed materially misleading, suggesting a lack of reasonable basis behind these claims.

Who Should Join?

This lawsuit is directed at investors who purchased Lockheed Martin shares during the specified period and suffered financially due to the alleged misconduct. Potential participants are encouraged to act quickly and can reach out to Glancy Prongay & Murray LLP for more information. They can help you understand your rights and provide legal guidance throughout the process.

Contact Information

To participate or request more information regarding the lawsuit, interested individuals can contact:

• - Charles Linehan, Esq.

Glancy Prongay & Murray LLP
1925 Century Park East, Suite 2100
Los Angeles, California 90067
Email: [email protected]
Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Website: www.glancylaw.com

Joining this class action could secure a measure of financial redress for those affected by Lockheed Martin's alleged misrepresentation, making it crucial for investors to consider their options promptly. Remember, you do not have to take immediate action to be part of the class; however, consulting a legal expert is advisable to protect your interests.

Conclusion

As the opportunity to join the class action lawsuit against Lockheed Martin draws near, affected investors are urged to stay informed and active. By participating, they can lead the charge in holding the company accountable for alleged securities fraud—a crucial step in restoring investor confidence and ensuring corporate accountability.