Lockheed Martin to Spend $420M on Growing Production in Arkansas

Lockheed Martin (LMT) responded to Greece's selection of Brazil's KC-390 aircraft, touting the C-130's production record. Greece signed an agreement for up to six KC-390s, with deliveries starting in 2027. The KC-390 offers aerial refuelling and a 26-tonne cargo capacity. Embraer (ERJ) welcomed Greece's decision, marking the KC-390's growing adoption in Europe.

Lockheed Martin plans a $420M expansion in Camden, Arkansas, adding 650 jobs over five years to boost production of PAC-3, THAAD, and Precision Strike Missile platforms. The project builds on existing operations and follows a framework agreement to increase THAAD output. According to the company, the facility has delivered over 700,000 missiles and rockets since 1979.

The U.S. Air Force awarded Lockheed Martin a $694 million contract for the production of the AGM-183A hypersonic missile, moving it from testing to production phase. The missile, designed to reach speeds over Mach 5, aims to enhance the military's strike capabilities against advanced defense systems. Details on production volume and timeline were not disclosed for security reasons.

The U.S. Army and Lockheed Martin will collaborate on a $1.08 billion interceptor project to counter hypersonic threats. The initiative aims to develop a prototype with extended range, high altitude, and precision capabilities. The Army's investment is $660.4 million, with Lockheed Martin contributing $423 million. The project seeks to modernize interception systems to address evolving global security challenges.

The U.S. State Department approved a $2.1B sale of 500 Patriot PAC-3 missiles to Ukraine, funded by EU and NATO allies. The deal follows delays and tensions, with Ukraine urging faster deliveries. Lockheed Martin is the principal contractor, and the U.S. has awarded it a $58.6B contract to boost production.

Lockheed Martin is investing $420 million to expand its Camden, Arkansas facility, creating 650 jobs over five years. The expansion will boost production of PAC-3, THAAD, and PrSM platforms. The company has increased operations in Arkansas, including a new Munitions Acceleration Center to quadruple THAAD interceptor production.