Lockheed Martin awarded $2.06B Missile Defense Agency contract modification
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Business Wire
2 hours ago
- Business Wire
LMT Investors Have Opportunity to Lead Lockheed Martin Corporation Securities Fraud Lawsuit with the Schall Law Firm
LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Lockheed Martin Corporation ('Lockheed Martin' or 'the Company') (NYSE: LMT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between January 23, 2024 and July 21, 2025, inclusive (the 'Class Period'), are encouraged to contact the firm before September 26, 2025. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at or by email at bschall@ The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. According to the Complaint, the Company made false and misleading statements to the market. Lockheed Martin failed to maintain appropriate internal controls over risk adjusted contracts and the reporting of its risk adjusted profit booking rate. The Company proved incapable of maintaining effective procedures to perform comprehensive reviews of programs including technical complexities and risks. The Company overstated its ability to effectively deliver contractual commitments at high quality on time and under budget. The Company was therefore likely to report significant losses. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Lockheed Martin, investors suffered damages. Join the case to recover your losses. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
Business Wire
8 hours ago
- Business Wire
DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Lockheed Martin
NEW YORK--(BUSINESS WIRE)-- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Lockheed Martin Corporation ('Lockheed Martin' or the 'Company') (NYSE: LMT) and reminds investors of the September 26, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose (1) that Lockheed Martin lacked effective internal controls regarding its purportedly risk adjusted contracts including the reporting of its risk adjusted profit booking rate; (2) that Lockheed Martin lacked effective procedures to perform reasonably accurate comprehensive reviews of program requirements, technical complexities, schedule, and risks; (3) that Lockheed Martin overstated its ability to deliver on its contract commitments in terms of cost, quality and schedule; (4) that, as a result, the Company was reasonably likely to report significant losses; and (5) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. On October 22, 2024, before the market opened, Lockheed Martin announced it was forced to recognize losses of $80 million on a classified program at the Company's Aeronautics business segment 'due to higher than anticipated costs to achieve program objectives.' The Company also announced it had recognized a reach-forward loss in its Rotary and Mission Systems segment 'as a result of additional quantity ordering risk identified on fixed-price options.' On this news, the Company's share price fell $37.63 or 6.12% to close at $576.98 on October 22, 2024, on unusually heavy trading volume. Then, on January 28, 2025, before the market opened, Lockheed Martin announced it was forced to record pre-tax losses of $1.7 billion associated with classified programs at its Aeronautics and Missiles and Fire Control business. The Company explained 'as a result of performance trends' and 'in contemplation of near-term program milestones,' it had 'performed a comprehensive review of the program requirements, technical complexities, schedule, and risks' based on which it recognized $555 million of losses in its Aeronautics program. The Company further reported additional losses of approximately $1.3 billion in its Missiles and Fire Control business due to, among other things, the 'future requirements of the program, discussions with the customer and suppliers.' As a result, the Company's net earnings in 2024 were $5.3 billion, or $22.31 per share, compared to $6.9 billion, or $27.55 per share, in 2023. On this news, the Company's share price fell $46.24 or 9.2% to close at $457.45 on January 28, 2025 on unusually heavy trading volume. Then, on July 22, 2025, before the market opened, Lockheed Martin disclosed it was forced to record an additional $1.6 billion in pre-tax losses on classified programs, including $950 million in losses related to its Aeronautics Classified program due to 'design, integration, and test challenges, as well as other performance issues.' The Company also recorded $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 recorded a $95 million charge related to its Turkish Utility Helicopter Program due to the 'current status of the program.' As a result, the Company reported sharply lower net earnings of $342 million, or $1.46 per share, including $1.6 billion of program losses and $169 million of other charges. On this news, the Company's share price fell $49.79 or 10.8%, to close at $410.74 on July 22, 2025, on unusually heavy trading volume. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. Faruqi & Faruqi, LLP also encourages anyone with information regarding Lockheed Martin's conduct to contact the firm, including whistleblowers, former employees, shareholders and others. To learn more about the Lockheed Martin class action, go to or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). Follow us for updates on LinkedIn, on X, or on Facebook. Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
Yahoo
10 hours ago
- Yahoo
The Top 5 Analyst Questions From Lockheed Martin's Q2 Earnings Call
Lockheed Martin's second quarter was marked by program-related losses and operational challenges that led to a significant shortfall versus Wall Street's expectations. Management attributed these results primarily to $1.8 billion in charges across several legacy programs, including classified aeronautics and helicopter contracts. CEO James Taiclet described the financial impact as 'disconcerting,' noting that unexpected cost growth on long-term contracts required a comprehensive reassessment of program assumptions and management oversight. These actions reflect Lockheed Martin's effort to address technical and contractual challenges while maintaining a focus on supporting key defense priorities. Is now the time to buy LMT? Find out in our full research report (it's free). Lockheed Martin (LMT) Q2 CY2025 Highlights: Revenue: $18.16 billion vs analyst estimates of $18.59 billion (flat year on year, 2.3% miss) EPS (GAAP): $1.46 vs analyst expectations of $6.42 Adjusted EBITDA: $970 million vs analyst estimates of $2.53 billion (5.3% margin, 61.6% miss) The company reconfirmed its revenue guidance for the full year of $74.25 billion at the midpoint EPS (GAAP) guidance for the full year is $21.85 at the midpoint, missing analyst estimates by 19.7% Operating Margin: 4.1%, down from 11.9% in the same quarter last year Backlog: $166.5 billion at quarter end, up 5.2% year on year Market Capitalization: $98.37 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Our Top 5 Analyst Questions Lockheed Martin's Q2 Earnings Call Myles Walton (Wolfe Research) pressed on whether problematic development programs have truly been derisked. CEO James Taiclet emphasized new oversight teams and recurring senior management reviews, while CFO Evan Scott committed to continued transparency and active risk monitoring. Ronald Epstein (Bank of America) questioned why it took large charges to change review processes and how these charges affect cash flow. Taiclet explained that new cost risks were identified only after updated monitoring, and Scott detailed the cash flow impact, noting a $500 million usage this year and step-down in future years. Rob Stallard (Vertical Research) asked about reduced F-35 procurement in government requests and the flexibility to fill slots with export orders. Taiclet described the congressional process and highlighted the strength of the F-35 backlog and flexibility to adjust production to international demand. Sheila Kahyaoglu (Jefferies) sought clarity on a $4.6 billion IRS tax claim and its effect on future cash flow. Scott stated the company disputes the tax position, has reserved $100 million, and expects little impact on long-term cash flows due to new legislation and pension assumptions. Peter Arment (Baird) inquired about the Golden Dome missile defense opportunity and its timing for backlog growth. Taiclet said the opportunity remains unquantified until contracts are issued but highlighted ongoing architectural discussions and readiness to invest in capacity. Catalysts in Upcoming Quarters In coming quarters, our team will watch (1) progress on restructuring or derisking legacy contracts, especially in classified programs and helicopter platforms, (2) the pace of new contract awards for missile and aircraft systems that could drive backlog growth, and (3) margin stabilization as production scales and operational improvements take hold. Developments in government defense budgets and the resolution of tax matters will also be important to track. Lockheed Martin currently trades at $423, down from $461.34 just before the earnings. In the wake of this quarter, is it a buy or sell? Find out in our full research report (it's free). High-Quality Stocks for All Market Conditions When Trump unveiled his aggressive tariff plan in April 2024, markets tanked as investors feared a full-blown trade war. But those who panicked and sold missed the subsequent rebound that's already erased most losses. Don't let fear keep you from great opportunities and take a look at Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). 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