INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Lockheed Martin Corporation - LMT
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Lockheed Martin Corporation - LMT |
| [27-July-2025] |
NEW YORK, July 27, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Lockheed Martin Corporation ("Lockheed" or the "Company") (NYSE: LMT). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Lockheed and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On July 22, 2025, Lockheed released its second quarter 2025 financial results, reporting sharply lower second-quarter earnings, including $1.6 billion in program losses. The Company disclosed that it was forced to recognize $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 "significant changes to its processes and testing approach." Lockheed also reported $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 reported a $95 million charge related to its Turkish Utility Helicopter Program due to the "current status of the program." Lockheed said it is in "ongoing discussion" with its customers regarding a potential "restructure" of certain contractual terms and conditions. On this news, Lockheed's stock price fell $49.84 per share, or 10.8%, to close at $410.69 per share on July 22, 2025. The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, London, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes.
SOURCE Pomerantz LLP | ||
Company Codes: NYSE:LMT |
View original content to download multimedia:
