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

The lawsuit alleges that Lockheed Martin used underperforming target-date funds with high fees in its 401(k) plans for the ...

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

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

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

Current and former employees of Lockheed Martin have sued the company and fiduciaries of three retirement plans, alleging the plans’ use of an in-house investment manager violated federal law due to ...

Lockheed Martin announced it received a roughly $5 billion contract from the U.S. Army for providing Precision Strike ...

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 ...

Wall Street is reacting to last week's news that Lockheed Martin ( LMT -1.49%) has lost the battle to produce the Air Force's next-generation fighter. The commentary is putting new pressure on ...

It was a big upset for Lockheed Martin, which had been the favorite to win the contract among analysts. Lockheed is the manufacturer of the fifth-generation fighter jet, the F-35, for which it won ...