A locking pin assembly having a body including a wall defining an interior space and having at least one aperture therethrough for allowing fluid communication between the interior space and an exterior environment. A barrel defines a bore and has an outer wall with external threads. A pin travels longitudinally within the interior space of the body and the bore of the barrel. A spring actuated assembly maintains an end of the pin in an extended position relative to an end of the barrel when no force is applied to the pin and allows the pin to retract relative to the end of the barrel when a force is applied to the pin.