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

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 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.

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 ...

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 ...

Lockheed Martin expects its mid-size demonstration satellite will launch on Saturday on a Firefly Aerospace Alpha rocket. The company designed and built the satellite at its Waterton campus ...