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.”
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LMT:
- Trump-Linked Drone Startup Targets Pentagon Boom With AGH Nasdaq Deal
- Reliance unit awarded two significant contracts for U.S. defense projects
- Don’t Want to Bet on IonQ or Rigetti? The QTUM ETF Offers a Diversified Quantum Play
- Lockheed Martin awarded $700.4M Navy contract modification
- Lockheed Martin (LMT) Rolls Out Upgraded S-92A+ as Global Demand Picks Up
