FORT SMITH, Ark. (KNWA/KFTA) — Lockheed Martin says it will be expanding its Fort Smith operations at the Ebbing Air National Guard Base. The expansion will more than double the number of positions at Ebbing ANGB to 230, with hiring ongoing for the new openings, according to a news release.

Lockheed Martin (NYSE:LMT) has secured a seven-year U.S. contract worth up to $35b to scale production of its THAAD interceptor system. The company also signed an $8.4b extension for Precision Strike Missile production and new multi-year partnerships,

On June 24, 2026, the US government awarded Lockheed Martin a seven-year contract worth up to $35 billion to quadruple production of Terminal High Altitude Area Defense (THAAD) interceptors, putting into effect a framework agreement signed on January 29,

Lockheed Martin says they initially planned to add 110 jobs to the site, before deciding to more than double that number to 230.

Lockheed Martin ( LMT) said it developed a hypersonic glide body designed to provide a longer-range strike capability while reducing manufacturing costs and supporting larger-scale production, as the U.S. military continues to prioritize hypersonic weapons development.

Lockheed Martin has secured an $8.4 billion ceiling increase from the Army for its Precision Strike Missile (PrSM) contract, with the deal supporting a

Lockheed Martin landed $44 billion in new Pentagon contracts, per daily award notices from June 22-24. Missile systems, helicopter support and radar work featured on the list.

Lockheed Martin is expanding its workforce at Ebbing Air National Guard Base in Fort Smith, increasing its total number of positions to more than 230.

The Missile Defense Agency (MDA) on Wednesday awarded Lockheed Martin a $35.5 billion, seven-year undefinitized procurement contract for production of

The updated analyst work on Lockheed Martin centers on a new US$571 price target, set against a model fair value of US$625.16 per share. Analysts link this target to a mix of optimism about Lockheed Martin as a core aerospace and defense stock over time and caution around sector timing,