Lockheed Martin Expands in Camden with $420 Million Investment
Defense contractor Lockheed Martin is expanding its manufacturing operations in Camden again with a new $420 million capital investment that is expected to create 650 new full-time jobs over five years.
The new expansion will increase production capacity for the PAC-3, Terminal High Altitude Area Defense (THAAD), Precision Strike Missile (PrSM) platforms, further establishing Camden and Arkansas as a global defense industrial base.
"Lockheed Martin is investing at unprecedented speed and scale to expand manufacturing capacity and deliver the critical capabilities our warfighters need, faster," said Adam Bailey, Camden site general manager at Lockheed Martin.
Established in 1979, Lockheed Martin Camden Operations produces seven U.S. Department of Defense programs, including:
- PAC-3
- THAAD
- PrSM
- ATACMS
- GMLRS
- HIMARS
- M270
The 2.2-million-square-foot facility, located on 2,427 acres in the Highland Industrial Park, has delivered more than 700,000 missiles and rockets over the past four decades.
"We are excited about today’s announcement by Lockheed Martin regarding their investment in their Camden operations," said James Lee Silliman, executive director of the Ouachita Partnership for Economic Development. "Lockheed’s continued commitment to the local facilities and the state of Arkansas is a game changer for the Calhoun and Ouachita County area’s economy and their confidence in our workforce is appreciated."
Lockheed Martin has steadily increased its operations and production capacity in Arkansas, further solidifying the state's position as a vital player in the global defense industry.