Lockheed Martin Securities Class Action Lawsuit Filed Over False and Misleading Statements

Strategic Insights -

A securities class action lawsuit has been filed against Lockheed Martin Corporation (LMT) alleging that the company made false and misleading statements regarding its financial performance and contracts. The lawsuit, styled Khan v. Lockheed Martin Corporation, et al., seeks to represent investors who purchased or acquired Lockheed Martin securities between January 23, 2024, and July 21, 2025. The class action lawsuit claims that Lockheed Martin failed to disclose crucial information to investors, including performance issues in its Aeronautics and Rotary and Mission Systems business segments.

The lawsuit alleges that Lockheed Martin overstated its ability to deliver on its contractual commitments in terms of cost, quality, and schedule, and that it was reasonably likely to report significant losses due to its lack of effective internal controls and procedures. Investors began to learn the truth on January 28, 2025, when Lockheed Martin reported pre-tax losses in its Aeronautics segment, citing "performance issues" and suggesting possible increases in scope and cost. The company's shares significantly fell in response to these events.

Key Takeaways:

  • The lawsuit alleges that Lockheed Martin made false and misleading statements regarding its financial performance and contracts.
  • The company failed to disclose performance issues in its Aeronautics and Rotary and Mission Systems business segments.
  • Lockheed Martin's statements regarding its ability to deliver on contractual commitments in terms of cost, quality, and schedule were overstated.
  • The company had ineffective internal controls and procedures, which led to significant losses.
  • Investors who purchased or acquired Lockheed Martin securities between January 23, 2024, and July 21, 2025, may be eligible to participate in the class action lawsuit.
  • The lead plaintiff deadline for the lawsuit is September 26, 2025.
  • The investigation is ongoing, and investors with substantial losses or knowledge that may assist the investigation are being encouraged to come forward.
  • The lawsuit is styled Khan v. Lockheed Martin Corporation, et al., No. 1:25-cv-06197 (S.D.N.Y.).

Statistics:

  • Lockheed Martin's shares fell almost 11% on July 22, 2025, following the company's Q2 2025 financial results.
  • The company reported $1.8 billion in pre-tax losses in its Aeronautics segment for the quarter ended December 31, 2024, citing "performance issues."
  • On April 17, 2025, Lockheed Martin announced that CFO Jay Malave left the company.
  • The company reported $950 million in pre-tax losses in its Aeronautics segment for Q2 2025, citing "performance issues."
  • Lockheed Martin also recognized $570 million in pre-tax losses in its RMS segment due to problems with its Canadian Maritime Helicopter Program.

Sources:

  • Globe Newswire, "Lockheed Martin Corporation (LMT) Securities Class Action: Hagens Berman, National Shareholder Rights Firm, Investigating Lockmart (LMT) for Securities Class Action" (August 4, 2025).
  • Hagens Berman, "Lockheed Martin Corporation (LMT) Securities Class Action: Hagens Berman Investigating Lockmart (LMT) for Securities Class Action" (August 4, 2025).
  • COMTEX_467791685/2010/2025-08-04T155634 (August 4, 2025).