Current:Home > MarketsDefense contractor RTX to build $33 million production facility in south Arkansas -FutureWise Finance
Defense contractor RTX to build $33 million production facility in south Arkansas
View
Date:2025-04-14 21:50:01
LITTLE ROCK, Ark. (AP) — Defense contractor RTX will build a $33 million facility in south Arkansas to manufacture missiles to be used in U.S. and Israeli air defense systems, the company and Gov. Sarah Huckabee Sanders announced Thursday.
RTX, formerly Raytheon, will build the manufacturing facility in East Camden in partnership with Rafael Defense Systems. The new facility, which will employ 30 people, will produce the Tamir missile for Israel’s Iron Dome Weapon System and its U.S. variant, the SkyHunter missile.
RTX plans to break ground on the new facility by the end of the year with a goal to begin production in 2025, said Jeff Shockey, senior vice president for global government relations.
Shockey said the facility will initially produce about 325 SkyHunter missiles a year and ultimately 1,000 to 2,000 Tamir missiles a year.
Incentives for the project include a $250,000 grant for infrastructure, as well as income tax credits and sales tax refunds, Arkansas Economic Development Commission Executive Director Clint O’Neal said.
veryGood! (38941)
Related
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Robert De Niro tells jury that emotional abuse claims by ex-assistant are nonsense
- Where are the Black punks now?
- 3-month-old found dead after generator emitted toxic gas inside New Orleans home, police say
- Global Warming Set the Stage for Los Angeles Fires
- AP PHOTOS: Israeli families of hostages taken to Gaza caught between grief and hope as war rages on
- NFL draft stock watch: Judging five college prospects after first two months of season
- Robert De Niro lashes out in court at ex-personal assistant who sued him: 'Shame on you!'
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Philadelphia 76ers trade James Harden to Los Angeles Clippers
Ranking
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- 'The Voice': Reba McEntire encourages 'underdog' singer Al Boogie after 'Jolene' performance
- Vikings get QB Joshua Dobbs in deadline deal with Cardinals in fallout from Cousins injury
- Lucy Hale Shares Her Tips on Self-LOVE: “It’s Really About Finding Self-Compassion and Being Gentle
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Heated and divisive proposals included in House legislation to fund Congress' operations
- Two Massachusetts residents claim $1 million from different lottery games
- How old is too old to trick-or-treat? Boo! Some towns have legal age limits at Halloween
Recommendation
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
House Ethics says update on Santos investigation coming as possible expulsion vote looms
Mary Lou Retton issues statement following pneumonia hospitalization: I am forever grateful to you all!
Rangers crush Diamondbacks in Game 4, now one win from first World Series title
Skins Game to make return to Thanksgiving week with a modern look
The US infant mortality rate rose last year. The CDC says it’s the largest increase in two decades
UN human rights official is alarmed by sprawling gang violence in Haiti
As transgender health care draws patients to New Mexico, waitlists grow