Lockheed Martin is investing over $7 billion to expand production capacity for advanced air defense munitions. This initiative responds to surging demand from the United States and its allies.
The expansion will triple the production of PAC-3 MSE interceptors. Lockheed Martin will also quadruple production capacity for THAAD interceptors and Precision Strike Missiles.
Investment funds will target facilities, workforce development, and supply chain strengthening. The company recently secured a $2.76 billion U.S. Army contract for M142 HIMARS systems.