Both firms, and many more, have been sued by employees in class action lawsuits over the PRT deals made with insurance ...

Related: Corporations are chugging ahead on deals to offload pension liabilities. Lawsuits aren't slowing them down.

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 ...

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

$2.1 billion in the bargaining plan and $267 million in the capital plan – filed a proposed class action lawsuit, Fezer et al v. Lockheed Martin Corporation et al, in the U.S. District Court of ...

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

The lawsuit, filed in 2017 ... the agreement said. “Lockheed Martin is pleased to resolve this matter and avoid litigation,” ...

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 announced Monday that the U.S. Army had awarded it a contract worth nearly $5 billion to produce its next-generation long-range precision strike missile. The contract is worth up ...

Fort Worth-based Lockheed Martin Corp. is set to receive billions of dollars in defense contracts as the company announced it fully stocked Norway with a fleet of F-35 fighter jets. The company ...

The litigation push against companies that use annuities to remove workers from their pension plans intensified over the past week, as judges reached opposite conclusions in cases against Alcoa USA ...

In the three months ending December 31, Lockheed Martin's revenue decreased 1.3% year over year to $18.6 billion. Its earnings per share (EPS) declined 70.7% from the year-ago period to $2.22 ...