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Lockheed Martin to invest $150M in Alabama facility over five years

Lockheed Martin (LMT) signed an incentive agreement with the state of Alabama to support its production facility in Pike County. The agreement will create new full-time positions at Lockheed Martin’s Pike County production facility. The agreement highlights an investment by Lockheed Martin of over $150M for the next five years. “Lockheed Martin has been a longtime pillar of Alabama’s aerospace industry, and we are thrilled to see the company’s continued investment in our state,” said Kay Ivey, governor of Alabama. “This latest expansion is a testament to the hard work of the highly skilled workforce in Pike County, and the innovative, Alabama-made products that keep turning heads on the global stage.”

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