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

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 aerospace firm violated its fiduciary duties by using an in-house service provider and affiliated target date funds, ...

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 ...

Lockheed Martin Corp. retirees advanced their proposed class action saying the aerospace and defense company jeopardized ...

Current and former employees of Lockheed Martin have sued the company and fiduciaries of three retirement plans, alleging the ...

Participants in three Lockheed Martin Corp. retirement plans filed a proposed class action challenging the company’s decision ...

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

Lockheed Martin plans to unveil a new “affordable” cruise missile on Monday with a cost of about $150,000 and a range of over 500 miles as the defense contractor works to tap a U.S. need to ...