
L3Harris Technologies [LHX] on Thursday broke ground on four new solid rocket motor (SRM) facilities at the company’s site in Camden, Ark., taking advantage of a Defense Department award made nearly two years ago to increase production and throughput of propulsion systems for key missiles. One new 60,000 square foot facility will centralize production of rocket motors for the Guided Multiple Launch Rocket System (GMLRS) built by Lockheed Martin [LMT] for the Army. GMLRS are rocket-powered medium and long-range artillery…