Lockheed Martin, Loews Unit Settle Toxic Chemicals Coverage Row

Lockheed Martin Corp. and a Loews Corp. insurance unit have agreed to settle a dispute over coverage for litigation related to the alleged discharge of toxic chemicals from a Florida plant by the defense contractor’s predecessors.

The US District Court for the District of Maryland dismissed the dispute in a Tuesday order, writing that Lockheed and Continental Casualty Co. had advised the court of a settlement.

• Lockheed sued Continental in February 2024, seeking coverage for several underlying lawsuits that alleged “injuries associated with purported exposure to hazardous substances generated, stored, or disposed of by Lockheed Martin at its weapons manufacturing ...