Lockheed Martin expands Alabama plant with $67 million investment in hypersonic missile production
LMT•Lockheed Martin broke ground on a $67 million expansion of its Troy, Alabama, facility for ARRW missile production. The 47,000-square-foot addition will triple current production space, and a $694 million U.S. Air Force contract funds production of the weapon.
1. Plant expansion
The Building P-20 project will add 47,000 square feet to Lockheed Martin’s Troy, Alabama, facility, tripling its current production space. The company said the project will create jobs over the next four years, adding to its nearly 4,000 employees in Alabama.
2. Missile production funding
A $694 million U.S. Air Force contract funds production of the Air-Launched Rapid Response Weapon, which is integrated on the B-52. Lockheed Martin said the facility investment preceded government funding and is part of an $8 billion to $9 billion investment through 2030 to meet munitions demand.
