Lockheed Martin to invest $142 million in Arkansas operations
Lockheed Martin is investing $142 million in its Camden facility in Arkansas and adding 326 new jobs by 2024.
Arkansas Gov. Asa Hutchinson joined Lockheed Martin executives during the Paris Air Show announcing this impactful investment and demonstrating on an international stage, Arkansas’ favourable conditions for the aerospace business.
Gov. Hutchinson said: “Lockheed Martin is a leading technology firm with facilities and clients around the world. Lockheed’s investment illustrates the fact that Arkansas continues to be a global player in the aero-defence industry.”
The newly created jobs will increase the Camden facility workforce from approximately 700 employees to more than 900 employees in the next few years. The $142 million capital investment supports new construction and improves on existing facilities for products, new machinery and equipment important to the defence of the United States and allies.
Frank St. John, executive vice president of Lockheed Martin Missiles and Fire Control, said: “Our facility in Camden is a highly efficient, high quality center of excellence that contributes components and performs final assembly for products that are important to the defence of the United States and a growing number of allied nations.
“The facility has a long record of precision manufacturing and on-time deliveries, which is the reason we continue to invest in and expand our Camden Operations. This expansion will help ensure the availability, affordability and quality of systems we build for our customers around the world.”
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