Lockheed Martin Success Story
Lockheed Martin’s operation in Camden, Arkansas, was established in 1978 as the home of the Multiple Launch Rocket System (MLRS) production program. Currently, the operation serves as the company’s Precision Fires Center of Excellence.
Lockheed Martin Missiles and Fire Control is experiencing unprecedented growth. To be responsive to increased customer orders, Lockheed Martin needed to ramp up the production rate on all programs. The company initiated a new capital investment project with the goal of increasing manufacturing capability and meeting demand.
The success of the existing facility paired with the competitive incentives and the skilled workforce Arkansas has to offer led Lockheed Martin to select the Camden operation for the capital investment project. The company will invest $142 million for new construction and improvement of existing facilities to increase and diversify production capacity.
Lockheed Martin currently employs 790 people and contributes $300 million in supplier commitment to the state. As a result of the investment, the company will grow its Camden operation to employ 976 people by 2024.Read the full case study
Company: Lockheed Martin
Fun Fact: The company received record orders of $79 billion and sales of $53.8 billion in 2018.