Lockheed Martin $LMT LMT is actively expanding its missile production capacity through increased manufacturing, supply-chain investments and major program wins. With rising global defense demand, the company is scaling its operations to support the United States and its allies.
Lockheed Martin has a strong portfolio of proven missile systems, including the Patriot Advanced Capability-3 (PAC-3), Terminal High Altitude Area Defense (THAAD), Joint Air-to-Surface Standoff Missile (JASSM) and the Javelin anti-tank missile. To meet growing demand, the company is ramping up production. In a press release on March 26, 2026, LMT highlighted efforts to strengthen its supplier network, expand tooling and improve manufacturing readiness to support higher output.
The company is also increasing production of its Precision Strike Missiles (PrSM). On March 25, 2026, LMT announced a framework agreement to boost PrSM output, which is expected to quadruple production capacity, building on an earlier $4.94 billion contract. This highlights a significant expansion in its missile manufacturing capabilities.
Moreover, Lockheed Martin is investing in infrastructure to speed up development and production. On March 31, 2026, LMT announced the opening of its Rapid Fielding Center, a facility designed to streamline development, testing and prototype production. This integrated setup helps reduce costs and enables faster delivery of new systems.
Overall, through higher production rates, expanded supply-chain capabilities, new facilities and strong contract momentum, Lockheed Martin is clearly expanding its missile production capacity to support long-term growth.