Lockheed Martin is investing $142 million in its Camden, Arkansas, facility and adding 326 new jobs by 2024. Arkansas Gov. Asa Hutchinson joined Lockheed Martin executives during the Paris Air Show announcing this investment.
Two new production buildings will support manufacturing long range fires and PAC-3 missile defense capabilities, plus expanding current facilities.
Frank St. John, executive vice president of Lockheed Martin Missiles and Fire Control, said, "The facility has a long record of precision manufacturing and on-time deliveries, which is the reason we continue to invest in and expand our Camden Operations."
Camden Operations is Lockheed Martin's Precision Fires operations center of excellence.
Hutchinson said, "Lockheed's investment illustrates the fact that Arkansas continues to be a global player in the aero-defense industry."
The newly created jobs are growing the Camden facility workforce from approximately 700 employees to more than 900 employees in the next few years.