Lockheed Martin Invests $150M in Alabama Facility, Expands Workforce

The aerospace company's Pike County production site will add over 300 new full-time jobs in the next five years.

Published on Mar. 10, 2026

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Lockheed Martin has 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 the facility, reinforcing the company's long-term commitment to the region's skilled workforce and its customers to meet rising munitions production demand.

Why it matters

The Lockheed Martin Pike County Operations facility is a major employer in the region, with over 800 employees. Since 2019, the facility has created more than 300 new, full-time jobs, highlighting the company's continued investment in Alabama's aerospace industry.

The details

Lockheed Martin will invest over $150 million in its Pike County production facility over the next five years. The facility manufactures and supports hardware for key weapon and missile systems, including the Terminal High Altitude Area Defense (THAAD) weapon system, Javelin missile, HELLFIRE missile, JASSM, and Long Range Anti-Ship Missile (LRASM).

  • Lockheed Martin signed the incentive agreement with Alabama on March 10, 2026.
  • The company's Pike County Operations facility has been in operation since 1994.

The players

Lockheed Martin

A global defense technology company driving innovation and advancing scientific discovery.

Kay Ivey

The governor of Alabama.

Jen McManus

Vice president, site production operations at Lockheed Martin Missiles and Fire Control.

Ellen McNair

Secretary of commerce for the state of Alabama.

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What they’re saying

“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. 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.”

— Kay Ivey, Governor of Alabama (marketscreener.com)

“This continued investment in Pike County Operations is a credit to the long history of partnership across every level of government within the state of Alabama, and more importantly, the phenomenal performance of the Alabama workforce that produces a quality product for our customers that perform when it matters most.”

— Jen McManus, Vice president, site production operations at Lockheed Martin Missiles and Fire Control (marketscreener.com)

“Alabama's aerospace industry continues its impressive growth trajectory, thanks to companies like Lockheed Martin that have set a standard of excellence in manufacturing products that are in high demand in markets around the world. The success shows that the company's strategic vision, an expert workforce and supportive community partnerships are a winning combination.”

— Ellen McNair, Secretary of commerce for the state of Alabama (marketscreener.com)

What’s next

Lockheed Martin plans to continue expanding its workforce and production capabilities at the Pike County facility to meet growing demand for its defense products.

The takeaway

Lockheed Martin's significant investment in its Alabama facility underscores the state's growing prominence as a hub for aerospace manufacturing, driven by a skilled workforce, supportive government partnerships, and the company's commitment to innovation and excellence.