Lockheed Martin Puts $420 Million Into Its Camden Missile Plant, Adding 650 Jobs

CAMDEN, Ark. — Lockheed Martin is expanding its Camden Operations with a new $420 million capital investment that is expected to create 650 new full-time jobs over five years, according to a Nov. 2 release published by the Arkansas Economic Development Commission.

The expansion will increase production capacity for the PAC-3, Terminal High Altitude Area Defense and Precision Strike Missile programs. Camden Operations, established in 1979, has approximately 1,100 employees and a 2.2-million-square-foot facility on 2,427 acres in the Highland Industrial Park. In January, the company broke ground on a Munitions Acceleration Center in Camden after an agreement to quadruple THAAD interceptor production capacity from 96 to 400 annually.

Location Decision analysis: If all 650 jobs arrive, a site with approximately 1,100 employees grows by about 59%. The release's local quote describes the labor market as the Calhoun and Ouachita County area, and it names no training partner. Whether those counties can supply that hiring is the local question.

The $420 million works out to about $646,000 of capital per job ($420 million divided by 650). That is a company figure, and the release states no incentive amount, so it says nothing about public cost.

The release gives five years for the hiring but no year-by-year schedule or construction date. It also doesn't say whether the Munitions Acceleration Center is part of the $420 million.

State announcement questions: The Arkansas Economic Development Commission's release lists 501-682-5996 for media inquiries and [email protected].

Checked Nov. 5, 2026, against the release. No Lockheed Martin hiring or supplier contact is confirmed here.