Lockheed Martin announced a $420 million investment to expand its manufacturing operations in Camden, Arkansas. The expansion is expected to create 650 new full-time jobs over the next five years.
The project is intended to increase production capacity for the Patriot Advanced Capability-3 (PAC-3), Terminal High Altitude Area Defense (THAAD) and Precision Strike Missile (PrSM) programs. It will also expand the Camden facility’s footprint and enhance its technical capabilities. The facility currently employs around 1,100 people.
In January, Lockheed Martin broke ground on a Munitions Acceleration Center at the same location. The center is part of an effort to significantly increase THAAD interceptor production. The expansion will use advanced manufacturing, robotics and digital technologies to accelerate production.