Lockheed Martin Corp. (NYSE:LMT) on Thursday disclosed the groundbreaking of a new Munitions Production Center in Alabama.

This expansion is expected to nearly double the facility’s production space and create a significant number of new jobs.

The move reflects Lockheed Martin’s commitment to meeting the demand for munitions supporting America’s arsenal.

Lockheed Martin broke ground on a new facility in Troy, Alabama. It will add 87,000 square feet of production space for Terminal High Altitude Area Defense (THAAD) interceptors across nine U.S. sites and relies on nearly 750 suppliers across 42 states.

The company has invested over $1 billion in this expansion. This is part of a broader $9 billion investment strategy through 2030 to enhance munitions production capacity and upgrade more than 20 facilities to meet rising defense demand.

Lockheed Martin is also strengthening its supply chain through closer supplier collaboration and production-focused initiatives, alongside agreements to significantly ...