Overview
- Faruqi & Faruqi and Rosen Law Firm issued fresh notices on September 21 urging eligible Lockheed Martin investors to consider seeking lead-plaintiff status before the September 26 deadline.
- Bronstein, Gewirtz & Grossman previously announced the filed class action and invited investors with losses to contact the firm, reinforcing the same deadline.
- The complaint alleges misleading statements tied to ineffective internal controls, flawed reviews of program risks, and overstated ability to meet cost, quality, and schedule commitments.
- Key disclosures cited in the suit include an $80 million Aeronautics loss on October 22, 2024, about $1.7 billion in classified-program losses on January 28, 2025, and another $1.6 billion on July 22, 2025 including $950 million for Aeronautics, $570 million for Canada’s maritime helicopter program, and $95 million for Turkey’s utility helicopter program.
- Lockheed Martin’s shares fell roughly 6.1%, 9.2%, and 10.8% on those respective dates, and investors are reminded that no class has been certified and participation does not require serving as lead plaintiff.