The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that: (1) Lockheed Martin lacked effective internal controls regarding its purportedly risk-adjusted contracts, including the reporting of its risk-adjusted profit booking rate; (2) the Company lacked effective procedures to perform reasonably accurate, comprehensive reviews of program requirements, technical complexities, schedules, and risks; (3) Lockheed Martin overstated its ability to deliver on its contract commitments in terms of cost, quality, and schedule; (4) as a result, the Company was reasonably likely to report significant losses; and (5) as a result of the foregoing, Defendants' statements about the Company's business, operations, and prospects were materially false and misleading at all relevant times.