MOORESTOWN – Lockheed Martin Corp. expects to add 120 jobs with an expansion project at its sprawling complex here.
The defense contractor is seeking township approval for an 84,600-square-foot building at its campus off Borton Landing Road, according to an application before the planning board.
The 75-foot-high facility would rise in two phases for completion by June 2022, the company says.
Lockheed Martin is “consolidating some operations and moving a piece of our business to our Moorestown location,” a spokesperson said.
The company offered no details about the work being transferred to South Jersey, but said the planned facility will be used for office space and light manufacturing.
It said an initial phase of about 43,500 square feet would support about 40 jobs. A second phase would bring another 80 employees.
The spokesperson said the move was part of “our ongoing effort to drive down costs for customers and increase efficiency.”
Lockheed Martin employs more than 4,500 workers at the 126-acre campus.
The site currently holds about 865,000 square feet of space used for office, industrial, research, development, and light manufacturing.
The complex primarily develops and produces technology used for missile defense, radars, sensors and other purposes.
The planned building would rise off Marne Highway at a site that currently holds a parking lot and a grassy area, according to Lockheed Martin’s application.
Moorestown’s zoning board is expected to consider the proposal at its May 18 meeting.
The firm is seeking preliminary and final site plan approval. It’s also requesting variances, including one that would allow the building to exceed a 45-foot height limit.
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