Kuznicki Law PLLC notifies investors that a class action has commenced in the United States District Court for the Eastern District of New York on behalf of shareholders of Lockheed Martin Corporation who purchased shares between January 23, 2024 and July 21, 2025.
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.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until September 26, 2025 to request that the court appoint them lead plaintiff.