The aerospace firm violated its fiduciary duties by using an in-house service provider and affiliated target date funds, according to the class action lawsuit filed by plan participants.

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

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

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 whistleblower suit alleging that Boeing Co., Lockheed Martin Corp., and other contractors improperly billed the US Defense ...

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

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 ...

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,” ...

Lockheed Martin hired fellow defense contractor Northrop Grumman Systems ... according to his November 2012 lawsuit. Solomon says in the whistleblower complaint that he discovered Lockheed and ...