Lockheed Martin, which has submitted a bid to build a new air-to-ground weapons system for Army Apache and Marine Corps Cobra attack helicopters, plans to build that system at its existing Pike County operations facility in Troy.
The Advanced Precision Kill Weapon System II is a low-cost weapon that brings pinpoint accuracy to smaller, currently unguided 70mm rockets.
The original order calls for 80,000 missiles to be delivered over 10 years.
The Troy facility currently produces the javelin shoulder-fired multi-purpose missile, the Longbow and Hellfire II air-to-ground missiles, the Thaad missile and the joint air-to-surface standoff missile.
The program is estimated to be worth about $2 billion with potential for more if the weapon is provided to other nations.
The winning contractor should be announced in April.