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Los Angeles CA (SPX) Feb 16, 2024 - Lockheed Martin (NYSE: LMT), a global aerospace, defense, security, and advanced technologies company, has announced that its Pony Express 2 mission is ready for launch. This mission, originating fr
Lockheed Martin boosts HIMARS production, marking a pivotal shift in modern warfare with a focus on innovation and precision.
Frank St. John, chief operating officer at Lockheed Martin, said the company's digital transformation initiative called 1LMX has been instrumental in ramping up production of high-demand defense systems, including High Mobility Artillery Rocket Systems, Javelin antitank weapons, Guided Multiple Launch Rocket Systems and PAC-3 missiles. "In 2024, we are on track to double HIMARS production, have increased Javelin’s production to 2,400 units per year and will deliver more than 10,000 GMLRS," St. John said in a statement published Thursday.
$1.5 billion potential investment will support the expansion of GlobalFoundries New York facility, including construction of a new state-of-the art fab, and the modernization of its Vermont facility, adding secure capacity for essential chip manufacturing for automotive and other key markets Additional $600 million plus planned in New York State Green CHIPS and other State benefits over the 10-year term of the New York projects MALTA, N.Y. and ESSEX JUNCTION, Vt., Feb. 19, 2024 (GLOBE NEWSWIRE)
The U.S. Department of Commerce today announced $1.5 billion in planned direct funding for GlobalFoundries as part of the U.S. CHIPS and Science Act. This investment will enable GF to expand and create new manufacturing capacity and capabilities to securely produce more essential chips for automotive, IoT, aerospace, defence, and other vital markets.