CAMDEN, Ark., June 17, 2019 /PRNewswire/ -- Lockheed
Martin (NYSE: LMT) is investing $142
million in its Camden
facility in Arkansas and adding
326 new jobs by 2024. Arkansas
Gov. Asa Hutchinson joined Lockheed
Martin executives during the Paris Air Show announcing this
impactful investment and demonstrating on an international stage,
Arkansas' favorable conditions for
the aerospace business.
"Lockheed Martin is a leading technology firm with facilities
and clients around the world," said Hutchinson. "Lockheed's
investment illustrates the fact that Arkansas continues to be a global player in
the aero-defense industry."
These newly created jobs are growing the Camden facility workforce from approximately
700 employees to more than 900 employees in the next few years. The
$142 million capital investment
supports new construction and improves on existing facilities for
products, new machinery and equipment important to the defense of
the United States and allies.
"Our facility in Camden is a
highly efficient, high quality center of excellence that
contributes components and performs final assembly for products
that are important to the defense of the
United States and a growing number of allied nations," said
Frank St. John, executive vice
president of Lockheed Martin Missiles and Fire Control. "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. This expansion will help ensure the
availability, affordability and quality of systems we build for our
customers around the world."
Camden Operations is Lockheed Martin's Precision Fires
operations center of excellence. For additional information on our
products and facility, visit our website.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a
global security and aerospace company that employs approximately
105,000 people worldwide and is principally engaged in the
research, design, development, manufacture, integration and
sustainment of advanced technology systems, products and
services.
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SOURCE Lockheed Martin