Lockheed Martin announced a USD142 million investment in its Precision Fires facility in Camden, Arkansas on 17 June, in a move that is expected to lead to the creation of 326 jobs by 2024.
The site is responsible for the manufacture and assembly of several of the company’s missiles and fire control products, including the Multiple Launch Rocket System (MLRS) High Mobility Artillery Rocket System (HIMARS) launcher and Patriot Advanced Capability-3 (PAC-3) missile, as well as parts of the Terminal High Altitude Area Defense (THAAD) system.
“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,” said Frank St John, executive vice president of Lockheed Martin Missiles and Fire Control.
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