Lockheed Martin Plans $300 Million Texas Expansion to Boost Missile Production
Lockheed Martin’s stock is eyeing its strongest week since mid-August. CEO James Taiclet called defense demand “permanent” as the company plans to ramp up missile production through automation and a $300 million Texas expansion.
Lockheed Martin (LMT) shares are on track for their strongest week since mid-August, as the company’s $300 million Texas expansion supports plans to increase missile production. CEO James Taiclet described defense demand as “permanent” and pointed to automation and higher output as drivers of long-term growth.