Both firms, and many more, have been sued by employees in class action lawsuits over the PRT deals made with insurance company Athene Annuity & Life, alleging the firm "breached their fiduciary duties ...

Shares in defense contractor Lockheed Martin ( LMT -2.45%) declined by as much as 6% in early morning trading Thursday on the ...

Lockheed Martin announced the departure of its CFO just days before earnings. The transition appears to be routine, but continues the trend of negative news flow out of the massive defense contractor.

Lockheed Martin on Thursday announced the departure of its finance chief, Jesus Malave, and named longtime insider Evan Scott ...

There’s been an uptick in 401(k) mismanagement lawsuits in the last year, and now Lockheed Martin is another firm being sued by current and former employees, alleging the aerospace and defense ...

The lawsuit alleges that Lockheed Martin used underperforming target-date funds with high fees in its 401(k) plans for the company’s own benefit. Lockheed Martin Corporation and its subsidiary ...

A company that makes components for military aircraft in Winnipeg is being sued for more than $1.5 million by a supplier that ...

plans’ assets,” the lawsuit said. Plaintiffs accused Lockheed Martin of violating ERISA’s duty of prudence, due to the allegedly poor investment performance, and the duty of loyalty ...

Lockheed Martin Corp. requested permission to immediately appeal a decision allowing retirees to move forward with claims that the company jeopardized their retirement benefits by offloading their ...

Lockheed Martin on Monday said the U.S. Army had awarded it a contract worth up to $4.94 billion to produce Precision Strike Missiles (PrSM).

Two U.S. District Court judges have issued significantly different rulings against Alcoa Corp., Pittsburgh, and Lockheed Martin Corp., Bethesda, Md., related to their motions to dismiss lawsuits ...

A lawsuit against Lockheed Martin over pension risk transfers it conducted with Athene will continue, whereas a similar lawsuit against Alcoa Corp. was dismissed.