Lockheed Martin grows in Camden
Lockheed Martin is investing $142 million in its Camden facility in Arkansas, the company announced on 17 June.
The Camden facility produces the High Mobility Artillery Rocket System and performs final assembly for Integrated Air and Missile Defense and precision fires products for US and allied military services.
The expansion will support new construction and improve existing facilities for products such as Terminal High Altitude Area Defense, Army Tactical Missile System, Patriot Advanced Capability-3 and others, plus new machinery and equipment.
Frank St John, executive vice president of Lockheed Martin Missiles and Fire Control, said: ‘Our facility in Camden is a highly efficient, high quality centre of excellence that contributes components and performs final assembly for products that are important to the defence of the United States and a growing number of allied nations.
‘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.’
Related Equipment in Defence Insight
More from Defence Notes
-
What the future holds for Ukraine and NATO under a Trump administration
Although Trump’s geopolitics policy for Europe remains unclear, defence analysts from the US and Europe predict how his incoming administration would attempt to handle critical issues on the continent.
-
RUSI deputy: UK needs longer procurement plans and improved awareness of US sift to Indo-Pacific
The UK budget announced in Parliament on 30 October was the first by a Labour government in 14 years which has also launched a review into defence procurement programmes.
-
Australia outlines longer punch and brings local industry onboard
The Australian government has placed a focus on Guided Weapons and Explosive Ordnance (GWEO) which has included the purchase of additional long-range rocket systems and investments in local production of missiles.
-
UK boosts defence budget by 5.3%, but is this enough?
The UK budget announced in Parliament on 30 October is the first by a Labour government in 14 years. While it sees a boost in defence spending, this comes in the face of fiscal challenges and the effects of inflation.
-
UK makes big moves to fix “broken” defence procurement system ahead of major review
The changes are intended to meet greater need and deliver more value for money.
-
US companies invest in production capabilities to satisfy DoD’s hunger for cutting-edge capabilities
BAE Systems, Booz Allen Hamilton and Lockheed Martin have been betting on new facilities and innovative manufacturing technologies to speed up the development of new solutions.