Thursday, February 27, 2014
Lockheed expands in Troy
TROY, Ala. -- Lockheed Martin broke ground today for its Pike County Operations' Long Range Strike Systems cruise missile production annex in Troy. The planned 62,000 square-foot annex will expand the existing 92,000-square-foot manufacturing facility where the Joint Air-to-Surface Standoff Missile (JASSM) is produced. The facility also produced test missiles for the Long Range Anti-Ship Missile (LRASM) development program. Construction is set for completion by first quarter 2015. The expansion, a response to an increased demand, is expected to increase employment by about 10 percent over the next few years. The facility employs some 300 full-time employees and over 100 contractors. (Source: Lockheed Martin, 02/27/14) Troy is between Montgomery and Dothan, Ala.