Lockheed Martin, Avio agree to expand U.S. rocket motor production
Lockheed Martin (LMT) and Avio (AVVSYAVVOF) agreed to expand U.S. production of solid rocket motors for guided missiles. The deal aims to boost manufacturing capacity and diversify supply chains. Production will occur at Avio's new Virginia facility. The agreement could help Lockheed address supply constraints and support revenue growth, while Avio invests $500M in U.S. operations.
