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2 clusters · 5 sources · 5 days · First seen · Last updated

Lockheed Martin defense manufacturing and technology growth

Overview

Lockheed Martin is pursuing several large-scale expansions in manufacturing, technology partnerships, and weapon systems production.

In the United States, the company has committed an investment of $8 billion to $9 billion to modernize or expand more than 20 facilities, a move intended to create 6,000 new jobs by 2030. Specific domestic developments include a $300 million investment in Grand Prairie, Texas, to increase manufacturing footprints and integrate automated production, as well as a $1 million federal grant for an expansion in Pike County, Alabama.

On the international and technical front, Lockheed Martin has expanded its partnership with the Royal Netherlands Aerospace Center to focus on unmanned aerial systems and the integration of Dutch suppliers into global supply chains. Additionally, the U.S. Army has granted Milestone C approval for the Extended-Range GMLRS rocket, clearing the 150-kilometer range weapon for production and fielding following successful testing.

Entities

U.S. Army · Jim Taiclet · Royal Netherlands Aerospace Center · Lockheed Martin · GM Defense

Timeline

  1. [BUSINESS] 2 sources
    Lockheed Martin expands defense partnerships and rocket production

    Lockheed Martin is expanding its partnership with the Netherlands' NLR to develop unmanned aerial systems and is moving its 150-kilometer Extended-Range GMLRS rocket into production following U.S. Army approval

  2. [BUSINESS] 4 sources
    Lockheed Martin announces major U.S. munitions manufacturing expansion

    Lockheed Martin plans to create 6,000 U.S. jobs through an $8–9 billion investment in munitions manufacturing expansion, including a $300 million project in Grand Prairie, Texas.

Sources

defence-industry.eu · finanzen.at · govconexec.com · spotonalabama.com · yellowhammernews.com