- Lockheed Martin is investing $300M to expand its Grand Prairie, Texas plant, adding 100,000 sq ft and converting 85,000 sq ft of office space into factory floor.
- Hadrian will install 24 automated machines at the Grand Prairie plant, operated by Lockheed employees, with commissioning expected in early 2027 under a seven-year agreement.
- The buildout supports Pentagon framework agreements; the PAC-3 MSE framework led to a seven-year production contract worth about $58.6 billion, converted in July.
- Lockheed plans to spend $8 billion to $9 billion through 2030 to expand munitions production and modernize more than 20 U.S. facilities, creating 6,000 jobs nationwide.
- Vertical Research upgraded Lockheed Martin to Buy, citing growing missile demand.
Quotes
“The warfighter can’t wait on peacetime timelines”
“This expansion is more than just a new facility; it is a stronger supply chain and a more resilient industrial base”
“By combining advanced technology with the expertise of our American workforce, we’re transforming manufacturing to deliver critical munitions at speed and scale.”