Lockheed Martin Expands Texas Munitions Plant in $300 Million Investment
Lockheed Martin Corporation (LMT) is investing $300 million to expand its advanced munitions manufacturing facility in Grand Prairie, Texas. The expansion will add 6,000 jobs across the United States, including 2,000 roles located at the Texas operations. Company shares rose 3.61% to $522.20 following the news.
The project includes adding 100,000 square feet of manufacturing space and introducing a 24-machine Hadrian automated machining cell. The automated system is expected to be operational in early 2027, helping to increase throughput capacity and shorten production lead times.
Going forward, key factors to track include specific contract awards, backlog updates, and operational timelines for the new automated production capabilities.
Key points
- Lockheed Martin is committing $300 million to expand Grand Prairie munitions manufacturing.
- The investment will create 6,000 U.S. jobs, with 2,000 located in Texas.
- A 100,000-square-foot expansion will add a 24-machine automated machining cell by early 2027.
- Shares of Lockheed Martin increased 3.61% to $522.20.
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How we writeDisclaimerQuestions and answers
How many jobs is Lockheed Martin adding?
Lockheed Martin plans to create 6,000 U.S. jobs, including 2,000 positions in Texas.
How much is Lockheed Martin investing in Texas?
Lockheed Martin is investing $300 million to expand its Grand Prairie, Texas munitions manufacturing facility.
When will the new automated machining cell open?
The new 24-machine Hadrian automated machining cell is expected to become operational in early 2027.