Lockheed Martin Corp. will add 400 new jobs by 2023 to its Moorestown facility as its Vertical Launching Systems (VLS) production moves from Baltimore.
Gov. Phil Murphy visited the facility on Tuesday to highlight the job gain. "The relocation of these high-paying engineering jobs to New Jersey is a testament to all that our state has to offer," Murphy said in a statement.
The VLS is a shipborne platform for launching missiles.
"The transition of VLS production will include more than $10 million in investments in new production facilities and tooling and will add 250 jobs by 2023," according to a statement from the governor's office. "Other program expansions will result in another 150 jobs added to the Moorestown facility over the same period."
Stephanie Hill, executive vice president of Lockheed Martin's Rotary and Mission Systems, said in the statement: "Lockheed Martin has a proud history across the state of New Jersey — and that history will continue as we look to the future. We're committed to growing our economic impact through the expansion of our Moorestown operations and the continued investment in high-technology jobs that support vital national security programs."