CAMDEN, Ark., Sept. 10, 2019 /PRNewswire/ -- Arkansas
officials joined Lockheed Martin (NYSE: LMT) executives to break
ground on the new Long Range Fires Production Facility, the first
of many expansions at the company's site in Camden.
In June, Arkansas Gov.
Asa Hutchinson joined Lockheed
Martin executives during the Paris Air Show to announce the
company's $142 million investment in
its Camden facility, adding 326
new jobs by 2024. These newly created jobs will grow the
Camden facility workforce from
approximately 650 employees to more than 900 employees in the next
few years.
The new Long Range Fires Production Facility adds more than
70,000-square-feet of production and office space to the current
property in Highland Industrial Park, supporting increased orders
for the Army Tactical Missile System (ATACMS), the Guided Multiple
Launch Rocket System (GMLRS), the Low-Cost Reduced-Range Practice
Rocket (LCRRPR) and other associated work.
"This new building represents Lockheed Martin's long-standing
commitment to meeting our customers' current and future needs, as
well as bringing more high-paying jobs to the Camden area," said Justin Routon, site director at Lockheed Martin
Missiles and Fire Control's facility in Camden. "Our facility has a long record of
precision manufacturing and on-time deliveries, which is the reason
Lockheed Martin continues to invest in our Camden Operations and
this is an exciting first step in our expansion process."
Building construction is slated for completion in the beginning
of 2021.
Camden Operations is Lockheed Martin's Precision Fires Center of
Excellence. For additional information on our products and
facility, visit our website.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a
global security and aerospace company that employs approximately
105,000 people worldwide and is principally engaged in the
research, design, development, manufacture, integration and
sustainment of advanced technology systems, products and
services.
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SOURCE Lockheed Martin