Current:Home > MarketsDefense contractor RTX to build $33 million production facility in south Arkansas -TradeBridge
Defense contractor RTX to build $33 million production facility in south Arkansas
View
Date:2025-04-18 10:42:03
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! (3116)
Related
- A South Texas lawmaker’s 15
- Maple Leafs' Morgan Rielly objects to goal, cross-checks Senators' Ridly Greig in head
- Super Bowl winners throughout history: Full list from 2023 all the way back to the first in 1967
- Spoilers! Diablo Cody explains that 'Lisa Frankenstein' ending (and her alternate finale)
- Stamford Road collision sends motorcyclist flying; driver arrested
- The S&P 500 hit a new record. Why the milestone does (and does not) matter for your 401(k)
- Who is Jake Moody? Everything to know about 49ers kicker before Super Bowl 58
- CBP dog sniffs out something unusual in passenger’s luggage -- mummified monkeys
- See you latte: Starbucks plans to cut 30% of its menu
- Chinese authorities cancel Argentina friendlies amid Messi backlash
Ranking
- Trump issues order to ban transgender troops from serving openly in the military
- Chiefs WR Kadarius Toney inactive for Super Bowl 2024
- King Charles III Breaks Silence After Cancer Diagnosis
- Sheriff says suspect “is down” after shooting at celebrity pastor Joel Osteen’s Texas megachurch
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Two-legged Puppy Bowl star Mr. Bean steals a 'Bachelor' heart on his hind legs
- ‘A Dream Deferred:’ 30 Years of U.S. Environmental Justice in Port Arthur, Texas
- Spoilers! Diablo Cody explains that 'Lisa Frankenstein' ending (and her alternate finale)
Recommendation
Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
New Mexico budget bill would found literacy institute, propel housing construction and conservation
DNC accuses RFK Jr. campaign and super PAC of colluding on ballot access effort
Drop Everything Now and See Taylor Swift Cheer on Travis Kelce at Super Bowl 2024
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
Taylor Swift Arrives in Las Vegas to Cheer on Travis Kelce at Super Bowl 2024
'Nipplegate,' 20 years later: Body piercer finds jewelry connected to Super Bowl scandal
Travis Kelce Has Heated Moment with Coach Andy Reid on Field at Super Bowl 2024