Lockheed Martin announced a $300 million expansion of its Grand Prairie, Texas facility, adding 100,000 square feet for advanced manufacturing and creating 2,000 jobs in Texas as part of a nationwide plan to create 6,000 jobs. The expansion includes a new Hadrian automated machining cell with 24 machines, operational by early 2027, to accelerate production of critical munitions like PAC-3 MSE and THAAD. This move supports Lockheed Martin's strategy to combine commercial manufacturing technology with defense expertise to increase production speed and scale, backed by long-term government contracts. The company aims to invest $8–9 billion by 2030 to modernize over 20 US facilities and strengthen the defense industrial base.
Lockheed Martin's stock price on Pluang rose by 3.57% to USD 522.01, reflecting positive investor sentiment following the expansion news. The stock's market cap stands at $116.32 billion, with a dividend yield of 2.86%. These figures are as of Oct 15, 2026 04:11 WIB.
