aerospace / news / / AL.com
Lockheed Martin broke ground Thursday on an 87,000-square-foot munitions production center in Troy.
Lockheed Martin began construction on an 87,000-square-foot missile production center, Building 47, in Troy.
KEY POINTS
- The new facility will nearly double current manufacturing output and specifically increase THAAD and Next Generation Interceptor missile production.
- Lockheed will quadruple annual THAAD interceptor production to 400 units under a new seven-year deal.
- Lockheed has already invested about $1.25 billion in expansion before final contract awards.
- A nationwide plan includes adding 4,500 frontline workers and modernizing more than 20 other facilities.
COMPANIES
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