Lockheed Martin agreed to pay $19.5 million to settle a securities fraud class-action lawsuit accusing the company of misleading investors. The lawsuit, filed by the Pontiac, Michigan public employees’ pension fund, alleged that Lockheed overstated the 2009 financial projections for its information systems and global services division. Lockheed Martin provided the following statement regarding the settlement: “We have agreed to settle this matter to avoid the expense and distraction of litigation. We continue to believe that our disclosures were legal and appropriate and that we would have prevailed in the litigation.”