INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Lockheed Martin Corporation of Class Action Lawsuit and Upcoming Deadlines
The class action concerns whether Lockheed and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
You have until September 26, 2025, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Lockheed securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.
[Click here for information about joining the class action]
On October 22, 2024, before the market opened, Lockheed announced that 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 that 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, Lockheed's stock price fell $37.63 per share, or 6.12%, to close at $576.98 per share on October 22, 2024.
Then, on January 28, 2025, before the market opened, Lockheed announced that 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 that '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, Lockheed's stock price fell $46.24 per share, or 9.2%, to close at $57.45 per share on January 28, 2025.
Then, 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 $49.79 per share, or 10.8%, to close at $410.74 per share on July 22, 2025.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, 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, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz 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.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
37 minutes ago
- Yahoo
Global Symposium On Racing Announces Monday Programming
Global Symposium On Racing Announces Monday Programming originally appeared on Paulick Report. The 2025 Global Symposium on Racing will break from the gate Monday, Dec. 8, with a dynamic, first-of-its-kind day of interactive workshops and specialized training sessions designed to equip racing professionals with the latest tools, strategies, and knowledge to shape the sport's the opening sessions to the evening networking reception, attendees can explore topics spanning technology, management, regulation, wagering integrity, equine science, and racing history. Monday's program is designed to deliver value across every sector of the racing industry, offering attendees the opportunity to gain hands-on skills, exchange ideas, and collaborate directly with peers and subject matter experts. The day begins with: Racing's New Reality: A Management Workshop on Human–AI Collaboration – Examine how artificial intelligence is reshaping decision-making and operational strategies across organizations. Management Decision Making to Support the Track Superintendent – Explore best practices in supporting the professionals responsible for track safety and performance. ARCI Model Rules Meeting – Learn about the latest updates and proposals in uniform racing regulation. The focus then turns to From Legal Disputes to Consensus: Mediation in Racing Regulation, offering practical approaches for resolving conflicts 5th Annual Racing Secretary Summit will bring together racing secretaries and stakeholders to discuss shared challenges and innovative Calm, Clear, Credible: Responding When Racing's Under Fire Media Training Workshop (pre-registration required) will provide immersive training to help industry representatives communicate effectively during challenging moments. The spotlight then shifts to wagering integrity in Tote Q&A: Data Safety, Security, and the Future of Racing Wagers, followed by Systems Biomechanics of the Horse: Advancing Equine Athletic Research, showcasing advancements in equine performance Horseracing Integrity and Safety Authority / Horseracing Integrity & Welfare Unit Workshop will discuss uniform integrity and safety rules, while The Racetracks of America: From the Pre-Civil War Days to the 21st Century offers a fascinating look at racing's historical day will conclude with the Opening Networking Reception in the Exhibit Area - an ideal setting to connect with peers, exchange insights, and lay the groundwork for the next two full days of thought-provoking panel sessions to follow. Register early and save $100 by visiting Reservations at the Loews Ventana Canyon Resort in Tucson, Ariz., can be made by visiting or by calling 877-879-9979 and asking for the Global Symposium on Racing rate. Rooms are available and will sell out fast at the discounted rate of $209 (resort fee included). Sponsor opportunities are available. Visit for details and the opportunity to connect with racing's key decision makers. Stay up to date on the latest event news via Facebook, Instagram, and using #RacingSymposium or visit our website for more details. This story was originally reported by Paulick Report on Aug 18, 2025, where it first appeared.
Yahoo
44 minutes ago
- Yahoo
'Quiet cracking' is the dangerous new trend affecting millions of workers — why it's happening and how to spot it
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. From The Great Resignation to quiet quitting, there's been no shortage of trends over the past few years that reflect growing dissatisfaction and disengagement in the workplace. The newest trend, 'quiet cracking,' coined by TalentLMS, describes ongoing burnout and stagnation leading to disengagement and poor performance. Their research shows 20% of employees experience it frequently, and 34% occasionally. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Unlike quiet quitting, quiet cracking isn't immediately visible but is equally harmful. Disengaged employees cost the global economy $8.8 trillion annually, according to Gallup. What is quiet cracking? While quiet quitting refers to workers who purposely slack off at a job they no longer want, quiet cracking refers to those who 'gradually become mired in feeling both unappreciated by managers and closed off from career advancement while doing work they otherwise like,' according to an article from Inc. Or, as TalentLMS puts it, people who feel 'some kind of workplace funk.' It's a deeper, harder-to-detect burnout where workers silently struggle under ongoing pressure. Those affected feel less valued and less confident about their future at work. Employees don't always recognize the warning signs until they're 'spinning their wheels doing jobs they're losing interest in yet stick with, fearing it will be too difficult to find a new one,' according to Inc. The trends impacting quiet cracking, and how to mitigate them The TalentLMS survey of 1,000 U.S. employees found that top concerns include: Economic uncertainty Workload and job expectations Poor leadership or uncertain company direction Layoffs or restructuring Lack of career advancement opportunities To address quiet cracking, the first step is recognizing its causes — feeling stuck, unheard or uncertain about the future. According to Nikhil Arora, CEO of Epignosis, the solution is simple: Offer growth opportunities through learning, skill development, and open communication to re-engage employees. But there are other possible solutions that can also be considered: 1. Uncertainty and overload It's important to set expectations and balance workloads, since 29% of employees say their workload is unmanageable. Employers can help by auditing task distribution, setting clear expectations, and offering stress management tools. This helps employees regain a sense of purpose and momentum. 2. Lack of recognition and growth Employees experiencing quiet cracking are 152% more likely to feel undervalued, according to the TalentLMS survey. Regularly recognizing contributions is a simple yet powerful way to boost morale and engagement. 3. Few learning or career advancement opportunities Employees who received training in the past year feel 140% more secure in their roles, according to HR Digest. To combat stagnation, employers should invest in structured learning paths, mentorship, and clear communication about growth opportunities — even when resources are limited. TalentLMS recommends that employers 'double down on learning and development, with structured, ongoing learning paths.' Read more: Nervous about the stock market? Gain potential quarterly income through this $1B private real estate fund — even if you're not a millionaire. What employees and employers can do Employees noticing quiet cracking should discuss workload and expectations with their managers, suggest morale-boosting ideas and seek development opportunities. If improvements don't happen, they may need to consider leaving. Employers can combat disengagement by auditing engagement efforts, addressing gaps in support and recognition, and implementing regular feedback and learning programs. Quiet cracking is a business risk that undermines productivity, creativity and loyalty — making it crucial to act early. Create a financial cushion To prepare for any career shift, employees need to build a financial safety cushion, including an emergency fund. Having such savings in place offers flexibility — whether to take time to plan your next career move, explore new opportunities or simply leave a toxic work environment without immediate financial stress. There are a few ways to get started on sewing together you financial cushion. If your checking account is flush with cash, one option it to develop an emergency fund using a high yield savings account to take advantage of compound interest. It's also often a good idea to start investing as soon as possible so your money can develop in the market. An easy way to get started is by automatically investing your spare change with Acorns. How it works is simple: Acorns automatically rounds up your everyday purchases to the nearest dollar and invests the difference into a diversified portfolio of ETFs. In other words, each transaction, whether it's your daily coffee or a trip to the grocery store, contributes to building your savings. For example, if you grab a $9.62 slice of pizza late at night, Acorns will round it up to $10 and invest the 38-cent difference — all before your head even hits the pillow. These small amounts add up over time. Acorns is also offering an extra $20 for those who sign up with a recurring deposit. Another long-term strategy for developing wealth is to explore investing in real estate through assets such as the $34.9 trillion U.S. home equity market. For accredited investors, Homeshares gives access to this massive real estate market segment — a space that's historically been the exclusive playground of institutional investors. With a minimum investment of $25,000, investors can gain direct exposure to hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund without the headaches of buying, owning or managing property. With risk-adjusted target returns ranging from 14% to 17%, this approach can provide an effective, hands-off way to invest in owner-occupied residential properties across regional markets. Once you've established your asset base, the next step is managing it to secure more financial flexibility. After all, quiet cracking can happen at all levels of the income spectrum, even in high-paying positions. Making your wealth work for you can make it easier to exit a high-stress, low-fulfillment environment and prioritize your well-being, or allow you to take the time to find an alternative. To do so, you'll probably need expert guidance across all areas of your wealth — and that's where the trusted team of financial planners at Range can come in. For high-earning professionals or households making over $200,000, Range offers a smart, streamlined way to manage your full financial life — especially your real estate investments. Through a strategic partnership with Engineered Tax Services, Range members receive free cost segmentation analysis and discounted cost segmentation studies. Range advisors will then use the study as part of a member's tax planning and strategy. Cost segmentation shortens depreciation timelines — from the standard 27.5–39 years down to just 5–15 years—allowing you to claim significantly larger tax deductions sooner and keep more money in your pocket. Note that only investment properties qualify for segmentation studies. Range also delivers proactive advice across your entire financial life — not just real estate or taxes From stock options and tax strategies to real estate and big-picture planning, Range integrates it all under one roof. With a transparent, flat annual fee — no hidden costs or percentage-of-assets surprises — you get AI-powered insights and comprehensive guidance designed to scale with your wealth. The bottom line? By combining smart saving and strategic investing, you can be well on your way to lasting financial stability and growth — freeing yourself from the stress of 'quiet cracking.' What to read next Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Here are 5 simple ways to grow rich with real estate if you don't want to play landlord. And you can even start with as little as $10 Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Sign in to access your portfolio
Yahoo
44 minutes ago
- Yahoo
Billionaires say a private jet is one of life's greatest luxuries. Here's how much it costs.
A private jet is one of the most expensive assets money can buy. The costs don't end when the aircraft is purchased. Maintenance, crew, fuel, and a hangar can easily add up to seven figures a year. More than 15 years ago, Oprah Winfrey shared one of her famous nuggets of wisdom: "It's great to have a private jet," she said at Duke University's 2009 commencement. "Anyone that tells you that having your own private jet isn't great is lying to you." But she did leave out one detail: Having a private jet is expensive — really expensive. Costs such as crew, custom features, and maintenance can add to the already hefty price tag of purchasing a private plane, companies that manage these and charter fleets told Business Insider. "There is a lot that goes into owning an airplane, a lot of expenses that aren't on the surface," said Jamie Walker, the executive chairman of jet management company Jet Linx. Some of the most popular private jet models — the Bombardier Challenger 300 and 350, the Embraer Phenom 300, the Cessna Citation XLS+, and the Gulfstream G550 — cost between $9.5 million and $33 million brand new, Walker estimated. The cost fluctuates by model. But even when purchased used, many list for sale for eight figures. That's not including customization, which is "where things get fun," Walker said. See: Paris Hilton's "SlivAir," a Gulfstream G450 with a Barbie pink paint job and "That's Hot" written on a wing. "We've seen clients spend anywhere from a few hundred thousand to several million on customizations," Walker said, who compared it to "building a luxury home." Interior upgrades like custom cabinetry and headrests imprinted with logos start at about $65,000. Premium woodwork and Hermès leather seats can exceed $1 million. WiFi from Starlink or L5 can cost between $120,000 and $450,000. A private jet can cost more than $1 million a year to run Once a jet is delivered, the costs of operating it start to add up. Leona Qi, the president of the US division of charter firm VistaJet, estimated that it typically costs more than $1 million a year to run a single jet. Members of a private jet's crew — at least two pilots, sometimes an air host — are typically considered full-time employees. Each can earn between $150,000 and $400,000 a year. They also have to be properly certified, trained, and insured, at the owner's cost. While some jet maintenance is scheduled — much like a car's, it's based on mileage and crew — unexpected fixes can leave an unlucky owner seven figures in the red in a bad year. An engine overhaul, for example, can cost as much as $1.5 million per engine, Walker estimated (and most jets have two). Then there's a hangar. A parking spot in New York or Miami can cost as much as $450,000 a year, significantly more than one in smaller cities like Omaha or St. Louis. Fuel can make up about one-third of all ownership costs, Walker said. And most private jet owners hire a company to manage it all. Jet Linx said it charges between $7,000 and $12,000 a month for its management services. To charter or not to charter? That is the multimillion-dollar question. The expenses and headaches of owning a plane have some uber-wealthy turning to charter. Qi at the jet charter company said she doesn't think it makes financial sense to own an aircraft unless you fly more than 350 hours a year, want a completely personalized jet with a toothbrush and a set of fresh clothes on board, or need it at a moment's notice. Through charter companies like VistaJet, members can buy a certain number of flying hours a year, while fractional ownership firms like NetJets sell members a share in a specific aircraft. Even when money is no object, some of the wealthiest in the world choose to charter out of privacy concerns. Privately owned jets can be tracked by the public, while charter jets — whose passengers aren't revealed publicly — are much more discreet. "The group had a plane and we sold it," LVMH CEO Bernard Arnault said of his company's jet, speaking in 2022 on a French radio station. "The result now is that no one can see where I go because I rent planes when I use private planes." Others charter jets when they can't use their personal planes. As many as 50% of VistaJet's clients own their own jets but use VistaJet as a backup service when their aircraft is undergoing maintenance or is already in use, the company said. On the other hand, there are private jet owners who don't use their planes very often and charter them out to mitigate some of the costs associated with ownership. (They do something similar with their superyachts.) "Most people who are unfamiliar are surprised," Walker said. "They're like, 'Really, people with that much wealth and companies that are that big that make that much money care about offsetting half a million bucks?' And they do. They absolutely care about that." Well, they care, but not enough to forgo a plane altogether. Look at the infamously frugal Warren Buffett, who resisted a private jet for years. Once he splurged, there was no looking back. "Were I to die tomorrow, you could be sure Berkshire's earnings would increase by $1 million annually, since Charlie would immediately sell our corporate jet, The Indefensible (ignoring my wish that it be buried with me)," he wrote in Berkshire Hathaway's 1990 investor letter. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
