Lockheed Martin Expands Texas Facility with $300M Investment and 6,000 New Jobs
Lockheed Martin (NYSE:LMT) announced plans to create 6,000 jobs across the United States, including 2,000 in Texas, as part of an expansion in advanced munitions manufacturing. The defense contractor is investing $300 million at its Grand Prairie, Texas location to expand its operational footprint to over 735,000 square feet. The site is adding 100,000 square feet of new space and converting 85,000 square feet of office space for advanced manufacturing. Additionally, the company is partnering with commercial technology firm Hadrian to install a 24-machine automated machining cell at the site.
The expansion aims to boost production capacity for critical defense programs, including PAC-3 MSE, THAAD, PrSM, and JATM missile systems. Parts made in Grand Prairie will supply final-assembly plants in Camden, Arkansas, and Troy, Alabama. The $300 million facility investment forms part of a broader $8 billion to $9 billion capital commitment by Lockheed Martin through 2030 to modernize more than 20 facilities nationwide. Shares of the company rose 3.61% to $522.20 following the announcement.
Investors and industry observers will watch for the rollout of new equipment at the Grand Prairie plant, where Lockheed Martin plans to add nearly 100 advanced machines by the end of 2026. The new automated machining cell built with Hadrian is scheduled to become operational in early 2027. Market participants will also monitor whether the modernized manufacturing setup helps the company meet rising demand and hit record output targets for its core missile programs.
Key points
- Lockheed Martin is investing $300 million to expand its Grand Prairie, Texas plant to over 735,000 square feet.
- The plan will create 6,000 jobs nationwide, including 2,000 in Texas.
- A new partnership with Hadrian will add an automated 24-machine cell expected to be operational in early 2027.
- The investment is part of an $8 billion to $9 billion program through 2030 to scale U.S. munitions output.
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How many jobs is Lockheed Martin creating with its new expansion?
Lockheed Martin plans to create 6,000 jobs across the United States, including 2,000 positions in Texas.
How much is Lockheed Martin investing in its Texas munitions facility?
The company is investing $300 million to expand its Grand Prairie, Texas facility to more than 735,000 square feet.
When will the Hadrian automated machining cell become operational?
The highly automated 24-machine cell at Grand Prairie is expected to begin operating in early 2027.