Lockheed Martin to Ramp Up Munitions Manufacturing Amid Trump Push

Lockheed Martin has signed an agreement with the Pentagon to quadruple production of Terminal High Altitude Area Defense (THAAD) interceptors over the next seven years. The deal, worth $4 billion, will allow THAAD interceptor production to grow from its current rate of 96 missiles a year to an annual rate of 400 interceptors. Lockheed CEO Jim Taiclet said the company intends to make a multi-billion dollar investment to accelerate munition production over the next three years. Once finalized, the agreement will need Congressional approval for fiscal 2026 funding before a final contract is definitized. The THAAD announcement comes weeks after a previous deal to increase PAC-3 production and hours before the company is slated to break ground on a new ‘munitions acceleration center’ in Camden, Ark.