Lockheed Martin agreed to pay $29.5 million to settle claims that it discriminated against white employees in a diversity-focused bonus program. The settlement includes $22 million to the US government for alleged violations of anti-discrimination rules in federal contracts and $7.5 million to over 1,000 affected workers. The case stems from a whistleblower complaint and highlights the Trump administration's use of the False Claims Act to challenge diversity and equity initiatives. Lockheed Martin denied wrongdoing but settled to avoid prolonged litigation and focus on its national security work.
Lockheed Martin (LMT) shares are trading at USD 594.85 on Pluang as of Nov 05, 2026 08:11 WIB, down 6.91% in the past day. The stock's market cap stands at $147.61 billion with a dividend yield of 2.25%. This price movement occurs while the company settles a $29.5 million claim related to alleged discrimination in its diversity bonus program, reflecting some investor caution despite its strong market position.
Lockheed Martin agreed to pay $29.5 million to settle allegations of employment discrimination against white employees and false certification as a federal contractor. The settlement includes $22 million to the U.S. under the False Claims Act for all...
The recent U.S. midterm election results reduced market uncertainty, boosting stocks while bond yields and oil prices fell amid expectations of political gridlock and limited major spending. Democratic control raises the likelihood of stricter fossil...
Lorraine Ben, former CEO of Lockheed Martin Canada, has joined Syntax Defence to provide expert counsel amid Canada's commitment to invest over half a trillion dollars in defence over the next decade. This includes $180 billion in procurement opportu...
