LMT · Earnings call · 2026Q3T · Full report

Manufacturing Capacity Expansion

LOCKHEED MARTIN CORP · 2026-10-22 · Importance 46 · Surprise 42 · In source text

Lockheed Martin is adding 2 million square feet of facilities across eight sites over three years to support munitions production, with more than half of the additions already under construction. It is hiring and training more than 3,000 MFC employees this year and has invested in community, technical-school, and college partnerships to build the skilled-workforce pipeline. Separately, the Grand Prairie, Texas, footprint is expanding to more than 735,000 square feet, including automation and digital manufacturing capability.

Key facts

• Lockheed Martin is investing more than $8 billion through 2030 to modernize more than 20 facilities, expand its supply chain, and grow its workforce.
• The Grand Prairie expansion adds automation and digital manufacturing capacity and a Hadrian automated production machine cell to supply components across missile programs under a manufacturing-as-a-service contract.
• Lockheed Martin is adding 2 million square feet of facilities across eight sites over the next three years to support production growth.
• Lockheed Martin is hiring and training over 3,000 new team members across MFC sites in 2026.
• More than half of Lockheed Martin’s planned facility additions are already underway and under construction.
• Lockheed Martin is making significant investments to support its work delivering advanced, reliable capabilities at the speed and scale needed.
• Lockheed Martin expanded its Grand Prairie, Texas, manufacturing footprint to more than 735,000 square feet.
• Lockheed Martin is continuing to expand production and deliver for its customers.

Impact estimates