Lockheed Plans to Renovate Arkansas Facility, Add Jobs
June 17 2019 - 1:34PM
Dow Jones News
By Patrick Thomas
Defense contractor Lockheed Martin Corp. (LMT) said Monday that
it plans to invest $142 million for improvements at its Camden,
Ark., facility and plans to add more than 300 jobs at the location
by 2024.
Lockheed said it plans to increase the total workforce at the
Arkansas facility from about 700 to more than 900 employees in the
next few years, with a goal of adding 326 total by 2024. The
company said the $142 million is for improvements of the location's
existing facilities and new machinery and equipment.
"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," said Frank St. John, executive
vice president of Lockheed Martin's missiles and fire control
segment, in a statement.
Write to Patrick Thomas at patrick.thomas@wsj.com
(END) Dow Jones Newswires
June 17, 2019 13:19 ET (17:19 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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