Company breaks ground on production facility that will add more than 300 jobs over next five years
CAMDEN, Ark.—Arkansas officials joined Lockheed Martin executives to break ground on the company’s new Long-Range Fires Production Facility, Lockheed Martin reported.
In June, Arkansas Gov. Asa Hutchinson joined Lockheed Martin executives during the Paris Air Show to announce the company’s $142 million investment in its Camden, Arkansas facility. Lockheed Martin’s investment is expected to add 326 new jobs by 2024, expanding the Camden facility’s workforce from approximately 650 employees to more than 900 employees, the company said in a press release.
The new Long Range Fires Production Facility adds more than 70,000 square feet of production and office space to the current property in Highland Industrial Park, supporting increased orders for the Army Tactical Missile System (ATACMS), the Guided Multiple Launch Rocket System (GMLRS), the Low-Cost Reduced-Range Practice Rocket (LCRRPR), and other associated work.
“This new building represents Lockheed Martin’s long-standing commitment to meeting our customers’ current and future needs, as well as bringing more high-paying jobs to the Camden area,” said Justin Routon, site director at Lockheed Martin Missiles and Fire Control’s facility in Camden, in a statement. “Our facility has a long record of precision manufacturing and on-time deliveries, which is the reason Lockheed Martin continues to invest in our Camden Operations, and this is an exciting first step in our expansion process.”
Building construction is slated for completion in the beginning of 2021.