Lockheed Martin has been awarded a $694 million U.S. Air Force contract for production of the Air-Launched Rapid Response Weapon (ARRW), a Mach 5+ hypersonic missile. The company also broke ground on a 47,000-square-foot expansion of its Troy, Alabama facility that will triple production space and add jobs. Lockheed has already invested $67 million in the expansion ahead of government funding, part of a broader $8-9 billion munitions investment through 2030.
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