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CAMDEN, Ark. - Defense contractor L3Harris Technologies (NYSE:LHX), a prominent player in the Aerospace & Defense industry with a market capitalization of $49.5 billion, announced plans to construct more than 20 new manufacturing facilities in Calhoun County, Arkansas for the production of large solid rocket motors. The company’s stock has shown strong momentum, trading near its 52-week high at $265.27. According to InvestingPro analysis, L3Harris currently trades close to its Fair Value.
The expansion will create 50 new jobs over two years, adding to L3Harris’s approximately 1,300-person workforce in Camden, according to a company statement. The project represents a $193 million investment in Arkansas as part of a broader $500 million investment across the company’s production sites. With annual revenue of $21.25 billion and strong financial metrics, L3Harris demonstrates solid operational performance. InvestingPro subscribers can access 12 additional exclusive insights about L3Harris’s growth potential and financial outlook.
The new campus will add more than 130,000 square feet of manufacturing and office space dedicated to producing large solid rocket motors used in missile defense targets, interceptors and hypersonic vehicles. The facilities are expected to increase L3Harris’s manufacturing capacity six-fold.
"Large solid rocket motors are essential to our nation’s missile and strategic defense," said Christopher E. Kubasik, Chair and CEO of L3Harris, in the press release.
The announcement follows a meeting between L3Harris executives and Arkansas Governor Sarah Huckabee Sanders at the 2025 Paris Air Show last month. The Arkansas Economic Development Commission (AEDC) was also involved in securing the investment.
L3Harris’s Camden site serves as the company’s Center of Excellence for Solid Rocket Motor production, currently manufacturing more than 100,000 solid rocket motors annually.
This expansion builds upon a previously announced construction of four new solid rocket motor production facilities in Camden that began in February, which is part of a cooperative agreement with the Defense Department’s Defense Production Act Title III program.
The new facilities will be built in Calhoun County, adjacent to L3Harris’s existing operations in south Arkansas.
In other recent news, L3Harris Technologies has announced plans to build a $500 million solid rocket motor production campus in Camden, Arkansas. This expansion is set to enhance the company’s manufacturing capacity significantly and is expected to be operational by 2027. Additionally, L3Harris has secured several contracts with the U.S. Department of Defense, including a $487.3 million contract for terminal modernization and a $34.4 million contract for bomb rack units for the P-8A aircraft. The company also won a $28.4 million contract to provide engineering support services for the Navy’s Commercial Broadband Satellite Program. Furthermore, L3Harris received a $29.6 million contract from the U.S. Army for communications equipment and accessories. These recent developments highlight L3Harris’s ongoing partnerships with the U.S. military and its expansion in defense-related manufacturing capabilities.
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