Lockheed Martin announced a $420 million expansion of its Arkansas missile manufacturing operations Monday as the Pentagon struggles to replenish interceptor stockpiles devastated by the costly Iran War.
The investment will expand production capacity for Patriot PAC-3 and Terminal High Altitude Area Defense (THAAD) interceptors while creating 650 jobs over five years, according to an announcement from the Arkansas Economic Development Commission. However, Lockheed did not specify how many additional interceptors the expansion would produce annually or when the increased capacity would become operational.
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