Suit by Lockheed Investors Dismissed

Lockheed Martin Corp. won dismissal of an investor suit that claimed the company inflated its share price by assuring investors in 1998 that it was “on track” for a 10% increase in per-share earnings, only to lower those forecasts later. U.S. District Judge Mariana Pfaelzer in Los Angeles said investors failed to prove that company officials knew the statements were false when they made them.