Lockheed Martin’s Litigation Expenses Not Covered, Insurer Says

Liability policies issued to Lockheed Martin Corp. from the 1950s to the 1970s don’t cover defense costs in lawsuits related to the alleged discharge of toxic chemicals from a Florida plant, a Loews Corp. insurance unit said.

The US District Court for the District of Maryland should dismiss Lockheed’s amended complaint, Continental Casualty Co. said in an April 18 motion to dismiss.

The defense company faces litigation “seeking damages arising from alleged injuries associated with purported exposure to hazardous substances generated, stored, or disposed of by Lockheed Martin at its weapons manufacturing facility in Orlando, Florida.”

Lockheed first sued ...