Lockheed Martin Unveils Intelligent, Flexible Factory at the Skunk Works® in Palmdale, California

Rhea-AI Summary

Lockheed Martin (NYSE: LMT) has launched a 215,000 square foot advanced manufacturing facility at its Skunk Works campus in Palmdale, California. This facility is one of four being opened in the U.S. within the year and aims to enhance manufacturing capabilities using digital technologies and smart manufacturing components. The investment is part of over $400 million in capital improvements and is expected to accommodate over 450 employees. The facility merges human expertise with advanced digital tools, contributing to job creation in California and maintaining the state’s aerospace leadership.

Positive

• Opening of a 215,000 sq ft advanced manufacturing facility enhances production capabilities.
• Investment of over $400 million indicates significant growth potential.
• Creation of over 1,500 jobs in California since 2018 supports local economy.

Negative

• None.

PALMDALE, Calif., Aug. 10, 2021 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) has completed construction of an advanced manufacturing facility at its Palmdale, California, campus and headquarters to the Skunk Works^®.

This is one of four transformational manufacturing facilities Lockheed Martin is opening in the U.S. this year.

The 215,000 square foot intelligent, flexible factory has digital foundations to incorporate smart manufacturing components, embrace the Internet of Things and deliver cutting edge solutions rapidly and affordably to support the United States and its allies. This is one of four transformational manufacturing facilities Lockheed Martin is opening in the U.S. this year.

This new building incorporates all three of Lockheed Martin's advanced production priorities: an intelligent factory framework; a technology enabled advanced manufacturing environment; and a flexible factory construct to support customer priorities with speed and agility while bolstering manufacturing capability in the United States.

"For more than 100 years, Lockheed Martin has been proud to call California home," said Jeff Babione, vice president and general manager, Lockheed Martin Skunk Works. "Our partnership with the state has helped us remain competitive and has positioned us for long-term growth. The technology in our new Palmdale facility lets us go beyond manufacturing optimization to the next digital revolution, driving innovation and preserving California's leadership in the aerospace industry."

Merging the power of human and machine, manufacturing artisans will work with digital tools to execute operations with maximum efficiency. The incorporation of robotics, artificial intelligence and augmented reality reduces the need for hard tooling, elevating the human experience to drive rapid innovation, a hallmark of the Skunk Works.

In addition to manufacturing, the facility includes office and break spaces to accommodate more than 450 employees. The company has created over 1,500 new jobs for California since 2018.

This project is the cornerstone of over $400 million in capital investments being made across Lockheed Martin's Palmdale campus to address growth in support of its customers' missions.

Lockheed Martin Skunk Works is responsible for many aerospace firsts, including the United States' first jet fighter (P-80), the world's first stealth fighter (F-117) and the world's first 5^th generation fighter (F-22). With a proven way of working based on 14 simple rules, the Skunk Works is known for rapidly solving urgent national needs. With eight Collier trophies and a National Medal of Technology and Innovation awarded from the office of the President of the United States, the Skunk Works continues to define what is next in aerospace.

About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin Corporation is a global security and aerospace company that employs approximately 114,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

Please follow @LMNews on Twitter for the latest announcements and news across the company.

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Media Contact:
Melissa Dalton, +1 661-400-8946; melissa.dalton@lmco.com

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SOURCE Lockheed Martin Aeronautics

FAQ

What is the significance of Lockheed Martin's new facility in Palmdale, California?

Lockheed Martin's new facility, part of a $400 million investment, enhances its manufacturing capabilities and supports job creation in the region.

How many jobs has Lockheed Martin created in California since 2018?

Lockheed Martin has created over 1,500 new jobs in California since 2018.

What technologies are being incorporated into Lockheed Martin's new manufacturing facility?

The facility incorporates robotics, artificial intelligence, and augmented reality to improve manufacturing efficiency.

How large is Lockheed Martin's advanced manufacturing facility?

The facility spans 215,000 square feet.

What is the stock symbol for Lockheed Martin?

The stock symbol for Lockheed Martin is LMT.