Lockheed Martin Corporation Securities Lawsuit Investigation

Shamis & Gentile P.A., a law firm that advocates for investors who are victims of securities fraud, is investigating potential claims against Lockheed Martin Corp. (LMT)

If you purchased or held Lockheed Martin securities and suffered losses, you may be eligible to join this securities investigation and seek compensation.

About Lockheed Martin

Lockheed Martin Corporation is a global security and aerospace company incorporated in Maryland. The company operates through four main business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

Its principal customers include the U.S. government and international defense organizations, with a significant portion of its revenue derived from fixed-price and cost-reimbursable contracts.

What’s Being Investigated

The investigation centers on Lockheed Martin’s disclosures of substantial pre-tax losses in its Aeronautics and RMS segments during 2025. According to company filings and press releases, these losses stemmed from classified programs and the Canadian Maritime Helicopter Program (CMHP).

Investors allege that these events raise questions about the company’s internal controls, board and officer oversight, and the adequacy of risk management systems related to mission-critical programs.

The departure of the chief financial officer (CFO) in April 2025, shortly before additional losses were disclosed, is also being scrutinized by investors and analysts.

Key Timeline

• January 28, 2025: Lockheed Martin reported approximately $1.7 billion in pre-tax losses associated with classified programs in its Aeronautics and MFC segments. Investors say this disclosure significantly impacted earnings and raised concerns about risk oversight.
• April 17, 2025: The company announced the departure of CFO Jesus “Jay” Malavé and appointed Evan Scott as the new CFO, reaffirming 2025 financial guidance at that time. Investors contend the timing of this transition is relevant to oversight and controls.
• July 22, 2025: Lockheed Martin disclosed additional pre-tax losses of $950 million on a classified Aeronautics program and $570 million on the CMHP in its RMS segment, materially impacting Q2 results and reducing the full-year earnings outlook.

Why Investors May Be Concerned

Stockholders and analysts allege that Lockheed Martin’s serial recognition of large losses over two quarters may indicate failures in board-level and officer-level oversight of mission-critical programs.

The complaint contends that the board and relevant committees may not have implemented or maintained adequate controls or reporting systems to monitor fixed-price program risks, particularly in classified and international projects.

Some investors argue that the timing of the CFO’s departure, combined with reaffirmed guidance and subsequent major loss disclosures, could suggest issues with escalation of red flags or internal controls.

There are also allegations that the company’s proxy statements may have omitted or misstated material risks related to program oversight and execution.

Your Rights and Next Steps

This is an active investigation that may lead to a derivative action lawsuit on behalf of Lockheed Martin. As a shareholder, you have the right to request certain company records under Maryland law, particularly if you own at least 5% of the company’s stock.

If a derivative lawsuit is filed, shareholders may seek:

• Court-ordered governance reforms
• Monetary recovery to the company from non-exculpated directors or officers (if applicable)
• Enhanced reporting and oversight protocols

To participate, investors typically must have held Lockheed Martin shares continuously during the relevant period and may need to make a formal demand on the board before proceeding with litigation.

You May Be Entitled to Compensation

Securities investigations are time-sensitive. If you purchased or held Lockheed Martin securities and suffered losses during the period in question, you may be eligible to join the investigation and seek compensation or governance reforms.

To protect your rights and ensure you are included in any potential recovery or settlement, complete the form below to join the investigation.