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Lockheed Martin plans to invest $300 million in Grand Prairie, Texas, expanding its manufacturing footprint and adding production capacity for defense components. The company also plans to create 6,000 U.S. jobs and announced a separate cooperation agreement with Avio for solid rocket motor supply.
* Shares in Italy's Avio are up around 5% after the rocket maker signed a strategic cooperating agreement with Lockheed Martin to expand solid rocket motor (SRM) production in the United States on Tuesday * Kepler Cheuvreux says qualification phase for SRM is expected to start in Italy, followed by production at the ne
Lockheed Martin, Avio agree to expand U.S. rocket motor production
For best results when printing this announcement, please click on link below: Lockheed Martin and Avio Announce Strategic Cooperation Agreement for Solid Rocket Motor Production Lockheed Martin (NYSE: LMT) and Avio announced a strategic cooperation agreement for the production of solid rocket motors (SRMs). This collab
Lockheed Martin signed a strategic cooperation agreement with Avio to expand solid rocket motor production for U.S. defense programs. Initial output targets Extended Range GMLRS and the Precision Strike Missile, pending qualification. Manufacturing is set for Avio USA’s new facility in Hurt, Virginia, aimed at strength
Starfighters Space said it completed the first flight hardware for its Wind Tunnel in the Sky program and is sending the components to Kennedy Space Center for assembly. The company said the platform is designed for reusable Mach 2+ testing in real atmospheric conditions.
The company said the plant in Hurt, Virginia, will add domestic capacity for U.S. missile and munitions production. It expects to create roughly 1,500 jobs and begin production in early 2029.