Lockheed Martin Corporation (NYSE: LMT) broke ground on a new munitions production facility in Troy, Alabama, to manufacture Terminal High Altitude Area Defense interceptors and support future Next Generation Interceptor work.

The 87,000-square-foot Building 47 will nearly double the facility's current production space. The expansion is part of Lockheed Martin's $9 billion investment through 2030 to scale munitions production across more than 20 facilities in the United States.

The company expects the expansion to generate new jobs over the next three years, adding to its existing workforce of nearly 4,000 employees in Alabama. Lockheed Martin operates more than 340,000 square feet of THAAD production space across nine U.S. sites with nearly 750 suppliers across 42 states.

"This partnership is critical to surging our munitions capacity, and Lockheed Martin has leaned in aggressively," said Michael Duffey, Under Secretary of Defense for Acquisition and Sustainment, during the groundbreaking ceremony.

THAAD systems are currently operated by the United States, United Arab Emirates, and Saudi Arabia. The system intercepts targets both outside and inside the atmosphere and integrates with PAC-3 Missile Segment Enhancement systems.

Lockheed Martin announced framework agreements to triple PAC-3 MSE production capacity and quadruple both THAAD and Precision Strike Missile production capacity under the Department of Defense's Acquisition Transformation Strategy. The company plans additional facility groundbreakings in Alabama for other defense programs including Next Generation Interceptor, AGM-158, and Air-Launched Rapid Response Weapon.

In 2025, the company awarded more than $640,000 in grants to 18 nonprofit partners in Alabama and invested nearly $200,000 in Pike County Schools' STEM Academy Lab.