# Lockheed Martin Plans $300 Million Texas Facility Expansion

- URL: https://stocks.freetheai.org/news/lockheed-martin-plans-300-million-texas-facility-expansion-1fd326
- Published: 2026-10-15T02:14:10Z
- Category: company_news; sentiment: bullish; impact: medium
- Symbols: [NYSE:LMT](https://stocks.freetheai.org/symbols/NYSE-LMT)
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Lockheed Martin Corporation (LMT) is committing $300 million to expand its manufacturing site in Grand Prairie, Texas. The project adds 100,000 square feet of new construction and converts 85,000 square feet of office space into production facilities. The defense contractor is also partnering with manufacturing firm Hadrian to install a 24-machine automated unit operated by Lockheed staff, set to go live in early 2027.

The expansion supports a broader push to ramp up output for critical military programs, including Patriot Advanced Capability-3 interceptors, with plans to increase annual production from about 600 to 2,000 or more units over time. Chief Executive Officer James Taiclet described global defense demand as permanent, highlighting automated manufacturing as key to meeting long-term supply needs. To support expanding operations across more than 20 domestic facilities, the company plans to create 6,000 U.S. jobs, including 2,000 in Texas.

Following the announcement, shares rose over 3.6% in regular trading, putting the stock on track for its best weekly gain since mid-August. Analysts at Vertical Research upgraded the stock to Buy from Hold with a $600 price target, pointing to steady double-digit growth expectations for the missile division through 2030. Investors will be monitoring execution on the automated facility rollout and the scaling of component production linked to final assembly sites in Arkansas and Alabama.

## Key points

- Lockheed Martin is spending $300 million to expand its Grand Prairie, Texas manufacturing site for missile production.
- The company plans to boost annual PAC-3 MSE missile production from around 600 to 2,000 or more units over time.
- A partnership with Hadrian will bring a 24-machine automated production unit online in early 2027.
- Lockheed Martin plans to add 6,000 jobs nationwide, including 2,000 positions in Texas.

## Questions and answers

### Why is Lockheed Martin expanding its Texas facility?

Lockheed Martin is investing $300 million in its Grand Prairie site to increase missile production capacity, adding automated equipment and supporting output for missile programs like the PAC-3 MSE.

### How many jobs is Lockheed Martin creating with its expansion?

Lockheed Martin plans to create 6,000 jobs across the United States, with 2,000 of those positions based in Texas.

### What is Lockheed Martin's goal for PAC-3 missile output?

The company aims to increase annual production of PAC-3 MSE interceptors from approximately 600 units to 2,000 or more over time.