7/103 sources · 3 publishersUpdated Nov 2, 19:50 UTC
Lockheed Martin announces $420 million expansion of its Camden, Arkansas missile plant
Lockheed Martin will invest $420 million to enlarge its Camden, Arkansas facility and add 650 full‑time jobs over the next five years. The expansion will increase output of missile systems such as PAC‑3, THAAD and the Precision Strike Missile. The site already houses a 2.2‑million‑square‑foot plant on 2,427 acres and employs about 1,100 workers. A new Munitions Acceleration Center, broken ground in January 2026, will quadruple THAAD interceptor production from 96 to 400 units annually.
Why it matters
The company says the expansion will boost production capacity for critical defense systems, which could lift future sales and earnings.
Key facts
- 1Lockheed Martin announced a $420 million capital investment for the Camden expansion. globenewswire.com
- 2The project is expected to create 650 new full‑time jobs over five years. globenewswire.com
- 3The expansion will increase production of PAC‑3, THAAD and Precision Strike Missile platforms. globenewswire.com
- 4The Camden facility covers 2.2 million sq ft and sits on 2,427 acres. globenewswire.com
- 5Lockheed Martin employs approximately 1,100 people at the Camden site. globenewswire.com
- 6A Munitions Acceleration Center was broken ground in January 2026 to raise THAAD interceptor output from 96 to 400 per year. globenewswire.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.