NEW YORK–(BUSINESS WIRE)–Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against Lockheed Martin Corporation (“Lockheed” or the “Company”) (NYSE:LMT) on behalf of Lockheed shareholders. Our investigation focuses on whether Lockheed violated federal securities laws and/or engaged in other illegal business practices.
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On March 16, 2022, Bloomberg reported that the United States Department of Defense would request 61 Lockheed F-35 fighter jets in its next budget, 33 less than expected. Bloomberg reported that the proposed reduction follows “the faulty execution of a crucial upgrade to [the F-35’s] software and hardware capabilities estimated to cost $14 billion.
On this news, Lockheed Martin shares fell $27.33 per share from $448.67 per share to close at $421.34 per share on March 16, 2022.
If you have purchased or otherwise acquired Lockheed stock and suffered a loss, are a long-term shareholder, have information, want to know more about such claims, or have questions about this announcement or your rights or interests in these questions, please contact Brandon Walker or Alexandra Raymond by email at [email protected], by phone at (212) 355-4648, or by by filling out this contact form. There is no cost or obligation for you.