Lockheed Investor Sues After Classified Program Profit Hit (3)

Lockheed Martin Corp. was accused in a proposed class action of overstating its abilities to review program requirements and deliver on contract commitments before its biggest stock drop in nearly four years.

The defense contractor’s stock price plummeted almost 11% to close at $410.74 on July 22, the day Lockheed reported pre-tax losses of $1.6 billion in the second quarter of 2025. It was the stock’s steepest single-day slide since October 2021, according to data compiled by Bloomberg.

Among the charges announced last week were $950 million in an Aeronautics classified program due to performance issues and $570 million and ...