Lockheed Martin Plans $420 Million Camden Plant Expansion
Photo: TokenPost
The Arkansas Economic Development Commission (AEDC) announced Nov. 2 that Lockheed Martin plans a $420 million expansion of its Camden, Arkansas, manufacturing operation, with 650 full-time positions projected over five years. The project is intended to increase production capacity for PAC-3, Terminal High Altitude Area Defense (THAAD) and Precision Strike Missile (PrSM) systems. Adam Bailey, Lockheed Martin’s Camden site general manager, said, “This investment marks another significant step in accelerating production, advancing next-generation manufacturing and creating 650 new jobs.” Established in 1979, the Camden operation spans 2,427 acres and includes 2.2 million square feet of space.
Source: TokenPost
