LMT Investor Update: Securities Lawsuit Hits Lockheed Martin (LMT) Over Program Losses -- Hagens Berman

LMT Investors with Losses Encouraged to Contact the Firm

SAN FRANCISCO, Aug. 22, 2025 (GLOBE NEWSWIRE) -- A securities class action lawsuit has been filed against Lockheed Martin Corporation (NYSE: LMT) on behalf of investors who purchased shares between January 23, 2024, and July 21, 2025. The lawsuit, captioned Khan v. Lockheed Martin Corporation, alleges that the company misled investors about the financial health and performance of its Aeronautics and Rotary and Mission Systems (RMS) business segments.

Hagens Berman encourages Lockheed Martin investors with substantial losses to submit your losses now.

The Allegations and Financial Fallout

The lawsuit claims that Lockheed Martin made false and misleading statements, failing to disclose that it lacked effective internal controls and procedures to accurately assess program risks. The complaint alleges the company overstated its ability to deliver on its contractual commitments.

Investors began to learn the truth through a series of negative disclosures:

• On January 28, 2025, the company reported $1.8 billion in pre-tax losses in its Aeronautics segment, citing “performance issues.”
• On April 17, 2025, the company announced its CFO had left.
• On July 22, 2025, the company announced an additional $950 million in pre-tax losses for its Aeronautics segment and $570 million in pre-tax losses in its RMS segment due to problems with its Canadian Maritime Helicopter Program.
  

Each of these revelations led to a significant drop in Lockheed Martin's stock price, with shares falling almost 11% on the final disclosure.

Hagens Berman’s Investigation

A national plaintiffs’ rights law firm, Hagens Berman, is investigating these claims on behalf of investors who suffered substantial losses.

“The pattern of recurring and escalating losses on key programs is deeply concerning,” said Reed Kathrein, the Hagens Berman partner leading the investigation. “We are investigating whether these massive, successive losses were a foreseeable consequence of poor internal controls and a failure to accurately communicate the company's risks to investors.”

If you invested in Lockheed Martin and have substantial losses, or have knowledge that may assist the firm’s investigation, submit your losses now »

If you’d like more information and answers to frequently asked questions about the Lockheed Martin case and our investigation, read more »

Whistleblowers: Persons with non-public information regarding Lockheed Martin should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email LMT@hbsslaw.com.

About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw. 

Contact:
Reed Kathrein, 844-916-0895

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