Law Firm Faruqi & Faruqi LLP is investigating potential claims against Lockheed Martin, as investors face a September 26th deadline to seek lead plaintiff status in a securities class action. The case alleges that executives misled investors about internal controls, contract delivery, and risk management. Over eight months, Lockheed disclosed $3.38 billion in losses tied to classified programs, Aeronautics, Missiles and Fire Control, and international helicopter programs. Shares dropped 33% from October 2024 to July 2025, while net earnings fell to $342 million, causing shares to drop 10.8% on unusually heavy trading volume. The stock’s decline came as defense equities gained traction on speculation of Trump administration investments in major contractors, following a $8.9 billion, 9.9% stake in Intel.
Be the first to comment