What Happened
Defense Giant Expands Production Capacity for Key Missile Systems
Lockheed Martin plans to invest up to $9 billion in more than 20 facilities across the United States to expand production of key missile systems, including PAC-3 MSE, THAAD, and the Next Generation Interceptor. The investment will support the company’s plans to triple PAC-3 MSE production capacity by the end of 2030. Lockheed Martin has already marked two munitions facility groundbreakings this year and opened a new missile assembly building in Alabama. The company’s efforts are part of the US Department of War’s Acquisition Transformation Strategy, as reported by Defence Industry Europe.