Lockheed Martin Expands in Titusville, Florida: What It Means

for the Space Coast

Titusville, Florida is once again in the national spotlight as Lockheed Martin, one of the world’s largest defense and aerospace companies, begins construction on a massive new 225,000-square-foot advanced manufacturing facility. This $140 million expansion, set to open in 2027, will solidify Brevard County’s reputation as a hub for innovation, defense technology, and economic growth.

For residents, homebuyers, and investors across the Space Coast, this announcement signals more than just a major corporate project—it highlights why Titusville real estate and the surrounding communities continue to thrive.

A Closer Look at the Lockheed Martin Expansion

The new facility will focus on producing components for the next-generation Trident II D5 Life Extension 2 (D5LE2)submarine-launched ballistic missile. Backed by a $383 million U.S. Navy contract, this project will ensure that Lockheed Martin’s Titusville site supports critical national security missions for the next 60 years.

Key details include:

• Size & Scope: 225,000 sq. ft. state-of-the-art advanced manufacturing plant.
• Timeline: Construction began in early 2025; completion expected in 2027.
• Jobs: Approximately 300 new high-paying positions, with average salaries around $89,000.
• Innovation: Built with Lockheed Martin’s Intelligent Factory Framework, creating secure, predictive, and digitally integrated production.

This facility not only strengthens America’s nuclear deterrence capabilities but also brings long-term stability and growth to Brevard County’s workforce.

Economic Growth for Titusville and Brevard County

For the Space Coast, the benefits of this expansion go far beyond national defense. The economic ripple effect will be significant:

• Job Creation: With salaries well above the county’s median income, the 300 new positions will attract highly skilled workers and their families to Titusville.
• Local Business Growth: Restaurants, housing, retail, and service industries in Titusville, Cocoa, and Merritt Island are all expected to see increased demand.
• Real Estate Market Impact: An influx of professionals relocating to Brevard County will increase demand for homes for sale in Titusville, as well as surrounding markets like Merritt Island waterfront homes, Cocoa Beach oceanfront condos, and Viera new construction communities.
• Long-Term Stability: The facility is designed to support production through the 2080s, ensuring decades of economic activity in the region.

This is only the latest in a string of Space Coast economic wins, with Titusville also welcoming a new logistics center to relocate storage and distribution from California. Together, these projects cement Brevard County as a hub of aerospace, defense, and advanced manufacturing.

Why This Matters for Space Coast Real Estate

As a local Space Coast Realtor, I see firsthand how large-scale developments like Lockheed Martin’s expansion directly shape our housing market. With hundreds of new high-paying jobs coming to Titusville, many of these employees and their families will be searching for housing across Brevard County.

• Titusville Homes for Sale: Expect increased interest in single-family homes close to the new facility.
• Waterfront Real Estate Merritt Island: Engineers and executives relocating to the area often look for lifestyle properties with deep-water access.
• Cocoa Beach Luxury Condos: Proximity to Port Canaveral, the beach, and rocket launch views make Cocoa Beach attractive for both relocation and investment buyers.
• Viera New Construction: Master-planned communities in Viera are popular among families seeking modern amenities and top-rated schools.

For investors, this expansion highlights the growing demand for rental properties across Brevard County. High-income professionals will drive up demand for long-term rentals, while Titusville’s location near the Indian River Lagoon and Kennedy Space Center continues to attract short-term vacation rental opportunities as well.

The Future of Titusville and the Space Coast

By 2027, the Lockheed Martin expansion will not only redefine Titusville’s economic landscape but also reinforce the Space Coast’s role in aerospace and defense. With over 16,000 Lockheed Martin employees across Florida, and more than 1,000 suppliers statewide, Brevard County is poised to remain one of the most dynamic regions in the U.S. for both business and lifestyle.

Whether you’re a homebuyer, seller, or investor, understanding how projects like this influence Brevard County real estate trends can help you make informed decisions. From the Indian River to the Atlantic Ocean, the opportunities here are as vast as the industries that fuel our local economy.

Final Thoughts

The Lockheed Martin Titusville expansion is a once-in-a-generation investment in the Space Coast’s future. It brings high-paying jobs, strengthens national security, and boosts the local real estate market. For those considering a move or investment in Titusville, Cocoa, Merritt Island, or Cocoa Beach, now is the time to watch the market closely.

As a local real estate specialist, I help buyers, sellers, and investors navigate these exciting changes and find opportunities in this fast-growing region.

If you’re curious about how this project may impact your real estate goals in Brevard County, let’s connect—I’d love to share the latest data, trends, and opportunities with you.

Relocating to Brevard? More info HERE