Lockheed Martin Invests $300M in Texas Munitions Plant, Adds 6,000 Jobs
LMT sits 19% above its 52-week low of $437.25.
Summary
Lockheed Martin is expanding its Grand Prairie, Texas munitions facility with a $300 million investment, adding 100,000 square feet of manufacturing space and creating 6,000 jobs nationwide, including 2,000 in Texas. The expansion includes a partnership with Hadrian to install a 24-machine automated machining cell expected to be operational in early 2027. This follows a series of major contract wins and production ramp-ups for PAC-3 MSE, THAAD, PrSM, and JATM programs, and aligns with the company's $8–9 billion commitment through 2030 to scale munitions production. The move directly addresses Pentagon demand for faster delivery of critical munitions and strengthens the domestic defense industrial base.
At the time of this announcement, LMT was trading at $521.00 on NYSE in the Manufacturing sector, with a market capitalization of approximately $120.5B. The 52-week trading range was $437.25 to $692.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.