logo
Lockheed Martin to open large missile assembly building in Courtland early 2026

Lockheed Martin to open large missile assembly building in Courtland early 2026

Yahoo20 hours ago
COURTLAND, Ala. (WHNT) — A major American defense contractor is expanding its operations in North Alabama by bringing another large facility to a small town in Lawrence County.
Lockheed Martin told News 19 that a new 88,000 square-foot Missile Assembly Building is currently under construction in Courtland. The new building is expected to open early 2026, the company said.
Lockheed Martin said the spacious building will help advance defense systems in Courtland.
The building is being built for the Next Generation Interceptor program. Lockheed Martin's website says with the NGI program, the mission is to 'develop, produce and deliver a modern, never-fail weapon against increasing and evolving ballistic missile threats from rogue nations. NGI is a first line of defense, tip-to-tail interceptor within the Missile Defense Agency's Ground-based Midcourse Defense (GMD) system.'
The company said Courtland currently supports critical defense programs for the Army, Navy and Missile Defense Agency. Over 400 employees currently work at the Courtland site, and Lockheed said it expects an increase in workforce in 2026 following the opening of the new building.
'We're not just working on defense programs. We're defining what the future of missile defense looks like,' Lockheed Martin said.
The company has a long-standing relationship with the town of Courtland. In 2019, the company announced that it would have a Hypersonic Strike Work manufacturing plant with two new buildings. The Aerospace and Defense company broke ground at the site in September 2019 and it was officially opened on October 4, 2021.
The milestone of opening this building established northern Alabama as the 'Home of Hypersonic Strike Production,' Lockheed Martin said.
In 2023, Lockheed Martin developed a partnership with the town of Courtland and helped convert its part-time fire department into a full-time, 24/7 emergency service with new equipment and staffing.
Through a partnership with the State of Alabama, Lockheed Martin said it received a $1.8 million infrastructure grant to improve roads around the 88,000 square-foot facility.
'Lockheed Martin is building advanced defense systems in Courtland, but more importantly, we are investing in the future of the community. From workforce development and infrastructure upgrades to enhanced emergency services, our commitment extends beyond our facility. Real progress happens when industry and community grow together, and we are proud to help build a stronger, more resilient future for Courtland and the surrounding region.'
Sarah ReevesVice President, Next Generation Interceptor (NGI) Program
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Allegiant Airlines Announces Another Round of Route Expansions
Allegiant Airlines Announces Another Round of Route Expansions

Yahoo

time28 minutes ago

  • Yahoo

Allegiant Airlines Announces Another Round of Route Expansions

As other popular budget airlines like Spirit are facing bankruptcy, Allegiant is expanding its service across the United States by adding five new routes to its repertoire. The company announced on Tuesday, August 12, that it is increasing its number of daily routes as well as adding a new airport to its list of those it services. In a press release on the Allegiant website, the airline announced that it will begin to service the city of Huntsville, Alabama with three new flights to different destinations in Florida. It will operate out of the Huntsville International Airport, which also hosts American, Delta, and United Airlines. All of Allegiant's five new routes will involve destinations in parts of Florida that are popular domestic tourism hotspots. The flights from Huntsville will travel either to Fort Lauderdale-Hollywood International Airport, St. Pete-Clearwater, or Orlando Sanford Airport. Allegiant's other two new flights will be added to the Appleton International Airport in Wisconsin and the Frederick Douglas Greater Rochester International Airport in New York. These routes will take passengers from Appleton, Wisconsin to the Orlando area and from New York to Sarasota. These new routes come on the heels of fast growth for the Las Vegas based airline, which also added seven new routes in late July. Six of these routes also involved the state of Florida. While tickets for Allegiant's new routes are available to purchase, they will not begin until at least late 2025. The new dates, as announced by Allegiant, will be rolled out between November 2025 and March Airlines Announces Another Round of Route Expansions first appeared on Men's Journal on Aug 12, 2025 Solve the daily Crossword

Cathie Wood Just Loaded Up on This Defense Stock (Hint: It's Not Palantir)
Cathie Wood Just Loaded Up on This Defense Stock (Hint: It's Not Palantir)

Yahoo

timean hour ago

  • Yahoo

Cathie Wood Just Loaded Up on This Defense Stock (Hint: It's Not Palantir)

Key Points One of Cathie Wood's largest positions in the Ark portfolio is Palantir Technologies, which dominates the military intelligence pocket of the artificial intelligence (AI) realm. More recently, she has been building a stake in one of Palantir's key partners. As AI becomes a higher priority for military operations, traditional defense contractors could be positioned for long-term gains. 10 stocks we like better than L3Harris Technologies › CEO and chief investment officer of Ark Invest Cathie Wood earned a reputation for making high-conviction bets on disruptive, speculative opportunities aimed at toppling legacy incumbents in markets such as financial services, technology, and pharmaceuticals. When it comes to artificial intelligence (AI) stocks, it's no surprise that Wood has taken a liking to data analytics powerhouse Palantir Technologies, the third-largest holding across Ark's exchange-traded funds (ETFs). Every now and then, however, Wood quietly complements Ark's high-growth positions with a select group of blue-chip counterparts. In Palantir's case, the company is often linked with an emerging corner of the AI realm, using its analytics platforms to bolster the capabilities of the U.S. Department of Defense (DOD). While Palantir will likely remain a core Ark position, recent buying activity hints that Wood may be broadening her exposure within the national security arena, scouting for under-the-radar opportunities even as Palantir remains her flagship pick at the intersection of AI and military operations. Throughout the summer, Wood has been accumulating shares of L3Harris Technologies (NYSE: LHX) in both the ARK Space Exploration & Innovation and ARK Autonomous Technology & Robotics funds. Let's explore what may have prompted this move and assess if defense tech investors should consider looking beyond familiar names like Palantir. Understanding how AI fits into the defense equation While AI has become the dominant megatrend driving the technology sector, most conversations still center on chips, data centers, cloud infrastructure, or workplace productivity tools. Behind the scenes, however, AI is rapidly emerging as a transformative tailwind reshaping modern military strategy. AI's applications in national security range from satellite imagery analysis and equipment maintenance to cybersecurity threat detection and autonomous navigation for unmanned systems like drones. Among established defense contractors, the usual names include Northrop Grumman, General Dynamics, Lockheed Martin, Boeing, RTX, Kratos Defense & Security Solutions, and L3Harris. Palantir stands apart from these incumbents thanks to its versatile AI platforms, including Foundry and Gotham. This integrated ecosystem has positioned Palantir as the operating system supporting a wide range of military operations, securing billion-dollar contracts with the Army and Navy, and extending its reach overseas through collaborations with U.S. allies in NATO. Why might Cathie Wood like L3Harris stock? Like many of its peers mentioned above, L3Harris manufactures mission-critical systems poised to benefit from deeper integration of AI-enhanced capabilities. This makes it plausible that Wood is targeting stealth opportunities to complement Ark's more pure play AI holdings, such as Palantir. That same logic helps explain why several defense-adjacent companies such as electric vertical take-off and landing aircraft (eVTOL) Archer Aviation and Joby Aviation, Kratos, AeroVironment, and Lockheed found a place in Ark's portfolio. When it comes to L3Harris however, I think there is a more specific catalyst behind Wood's recent buying. While Palantir often commands the spotlight in the DOD's high-profile technology awards, many other contractors secure portions of these deals. L3Harris is one of them, partnering with Palantir to develop the Army's next-generation ground transportation systems under the Titan program. During the company's second-quarter earnings call, L3Harris CEO Christopher Kubasik even highlighted the collaboration, noting, "our ongoing partnership with Palantir on the U.S. Army's Titan program continues to mature". Is L3 Harris stock a buy? The comparable company analysis benchmarks L3Harris against a peer set of leading defense contractors on an enterprise value-to-EBITDA (EV/EBITDA) basis. From a valuation standpoint, L3Harris trades at an EV/EBITDA multiple of 16.4 -- a discount to historical peaks but still on the higher end of this cohort. Despite this relative premium, analysts largely view L3Harris through the lens of a conventional defense contractor, valuing the company based on its current contracts and pipeline. I think that the upside from AI integration is not yet fully reflected in L3Harris's share price. As AI-enabled services become a greater priority at the Pentagon, the narrative around traditional contractors could shift especially as they form deeper ties with leading technology platforms like Palantir -- as L3Harris is already doing. For this reason, I see L3Harris as well positioned for long-term valuation expansion and consider it a savvy buy at current levels. Should you invest $1,000 in L3Harris Technologies right now? Before you buy stock in L3Harris Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and L3Harris Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $663,630!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,115,695!* Now, it's worth noting Stock Advisor's total average return is 1,071% — a market-crushing outperformance compared to 185% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Adam Spatacco has positions in Palantir Technologies. The Motley Fool has positions in and recommends AeroVironment, L3Harris Technologies, and Palantir Technologies. The Motley Fool recommends Lockheed Martin and RTX. The Motley Fool has a disclosure policy. Cathie Wood Just Loaded Up on This Defense Stock (Hint: It's Not Palantir) was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

The U.S. Air Force Just Ordered $7.8 Billion in New Missiles, and These 2 Defense Contractors Will Profit
The U.S. Air Force Just Ordered $7.8 Billion in New Missiles, and These 2 Defense Contractors Will Profit

Yahoo

time4 hours ago

  • Yahoo

The U.S. Air Force Just Ordered $7.8 Billion in New Missiles, and These 2 Defense Contractors Will Profit

Key Points The U.S. Air Force placed a seven-year supply order for $4.3 billion worth of JASSM and LRASM missiles with Lockheed Martin. The Air Force also ordered six years' worth of AMRAAM missiles from RTX for $3.5 billion. RTX will probably earn a lot more profit on its missiles than Lockheed will. 10 stocks we like better than RTX › "A billion here, a billion there, and pretty soon you're talking real money." -- Senator Everett Dirksen The honorable senator from Illinois went down in the history books with this famous quip about government spending -- which is nowhere truer than in the defense department, where billion-dollar paydays pop up with regularity. Still, when I took a look at the list of Pentagon contracts published on July 31 in particular, I admit my eyes did goggle a little. In just two announcements amounting to fewer than 600 words total, the U.S. government awarded Lockheed Martin (NYSE: LMT) and RTX Corporation (NYSE: RTX) just under $7.8 billion. Big news for LockMart and RTX Both contracts concern the ordering of missiles for the United States Air Force. Lockheed Martin's Missiles and Fire Control division got the larger order: $4.3 billion to upsize a previous contract instructing Lockheed to build and deliver Joint Air-To-Surface Standoff Missiles (JASSM) and Long-Range, Anti-Ship Missiles (LRASM) for use by the USAF and foreign allies Finland, Japan, the Netherlands, and Poland by Jan. 31, 2033. RTX's Raytheon military products division was awarded $3.5 billion to supply Advanced Medium Range Air-to-Air Missiles (AMRAAM) by fiscal third-quarter 2031. In addition to the U.S. Air Force, these missiles are destined for the air forces of a huge host of U.S. allies, covering almost the entire alphabet: Australia, Belgium, Canada, Denmark, Finland, Germany, Hungary, Israel, Japan, Kuwait, Lithuania, the Netherlands, Poland, Spain, Sweden, Switzerland, Taiwan, Ukraine, and the United Kingdom. How to put big numbers in context Are you impressed yet? Well, before getting too excited about the large numbers being bandied about, make sure to note the completion dates for both contracts. Lockheed Martin's LRASM/JASSM sales, for example, run through early 2033. That means you need to spread out the $4.3 billion contract value over more than seven years to get a sense of how much annual revenue this contract will contribute, and whether it's enough to "move the needle" on Lockheed stock. Here's the answer: It bumps up Lockheed Martin's $71 billion-a-year revenue stream to perhaps $71.7 million -- an increase of less than 1%. Similarly, RTX's $3.5 billion win spreads across six years. That works out to less than $600 million a year in extra orders. On RTX's $84 billion revenue stream, it's an increase of at most 0.7%. Plus, bear in mind that the Pentagon was already buying missiles from both these companies. The new orders -- in large part -- will simply replenish backlog and continue revenues that LockMart and RTX were already collecting. Viewed in that context, it's entirely possible that the ongoing increase in annual revenue for each company will be less than 1%... or even less than 0.7%. What this means for investors All this said, and the caveats notwithstanding, we're still "talking real money" here -- even if it's not necessarily "move the needle" amounts of money. What's surprising to me is how much better RTX has been lately at turning revenue money into GAAP profits. According to data from S&P Global Market Intelligence, Lockheed Martin's operating profit margin in its Missiles and Fire Control division is currently an anemic 4.2%, making it by far the least profitable of Lockheed's four main business divisions. RTX's Raytheon division, in contrast, earns 9.7% operating margins on its sales -- twice Lockheed MFC's margin. This makes Raytheon RTX's second most profitable business division after airplane parts division Collins Aerospace, despite Raytheon being the company's smallest division by revenue. Strange as it may sound, while RTX won the smaller of the two (still very large) missile contracts last week, measured both by absolute value and by value as a percentage of total sales, RTX is almost certain to earn the most profit from its Pentagon contract. There's a reason why RTX stock sells for 2.5 times annual sales, while Lockheed stock is valued relatively less, at just 1.4x sales. And RTX's superior profit margin is that reason. Should you buy stock in RTX right now? Before you buy stock in RTX, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and RTX wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $663,630!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,115,695!* Now, it's worth noting Stock Advisor's total average return is 1,071% — a market-crushing outperformance compared to 185% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends Lockheed Martin and RTX. The Motley Fool has a disclosure policy. The U.S. Air Force Just Ordered $7.8 Billion in New Missiles, and These 2 Defense Contractors Will Profit was originally published by The Motley Fool

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store