Investigation announced for Investors in shares of Lockheed Martin Corporation (NYSE: LMT)

An investigation on behalf of investors of Lockheed Martin Corporation (NYSE: LMT) shares over potential securities laws violations by Lockheed Martin Corporation and certain of its directors and officers in connection with certain financial statements was announced.

Investors who purchased shares of Lockheed Martin Corporation (NYSE: LMT), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Lockheed Martin Corporation (NYSE: LMT) concerning whether a series of statements by Lockheed Martin Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Bethesda, MD based Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. Lockheed Martin Corporation reported that its annual Total Revenue rose from $65.39 billion in 2020 to $67.04 billion in 2021, and that its Net Income declined from $6.83 billion in 2020 to $6.31 billion in 2021.

On March 16, 2022, Bloomberg reported that the U.S. Department of Defense will request 61 Lockheed F-35 fighter jets in its next budget, 33 fewer than previously planned. Bloomberg reported that the proposed reduction follows the "flawed execution of a crucial upgrade of [the F-35's] software and hardware capabilities that's estimated to cost $14 billion."

Shares of Lockheed Martin Corporation (NYSE: LMT) declined from $479.99 per share on March 07, 2022, to $411.36 per share on March 16, 2022.

Those who purchased shares of Lockheed Martin Corporation (NYSE: LMT) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.