Lockheed Martin has selected its plant at Troy to develop and help produce a five-foot-long attack missile, providing as many as 70 jobs.
The company announced that it plans to establish a pilot production line at the plant in 2006 and forecasts full-rate production to continue through 2020. The missile, known as the Loitering Attack Missile, or LAM, was described in a company news release as an integral party of the Army's future combat systems.
The LAM, which will weigh less than 120 pounds, will be capable of searching a large area using a laser radar seeker for about 30 minutes, reporting target location without firing.
Lockheed Martin currently employs 286 people at its Pike County plant.