Investors Sue Lockheed Martin Over Allegations of Financial Misleading Amidst Major Losses
SAN FRANCISCO — A securities class action has been initiated against Lockheed Martin Corporation, aimed at protecting investors who purchased shares from January 23, 2024, to July 21, 2025. The case, known as Khan v. Lockheed Martin Corporation, alleges that the defense contractor misrepresented its financial stability by not disclosing weaknesses in its internal control systems that assess risks related to various programs. The lawsuit highlights a concerning trend of disclosures that caused Lockheed Martin’s stock price to plummet. According to the complaint, the company reportedly overstated its operational capabilities, particularly within its Aeronautics and … Read more