Archived Investigations
Lockheed Martin Corporation (NYSE: LMT)
Lockheed Martin and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On July 22, 2025, the Company disclosed an additional $1.6 billion in pre-tax losses on classified programs, including $950 million in losses related to its Aeronautics Classified program due to “design, integration, and test challenges, as well as other performance issues,” as well as $570 million in losses on its Canadian Maritime Helicopter Program due in part to providing “additional mission capabilities, enhanced logistical support, fleet life extension, and revised expectations regarding flight hours.” The Company further recorded a $95 million charge related to its Turkish Utility Helicopter Program due to the “current status of the program.” As a result, the Company reported much lower net earnings of $342 million, or $1.46 per share, including $1.6 billion of program losses and $169 million of other charges.
On this news, the price of Lockheed Martin’s shares fell $49.79 or 10.8%, to close at $410.74 on July 22, 2025, on unusually heavy trading volume.
The case is Khan v. Lockheed Martin Corporation, et al., No. 25-cv-06197.