Current:Home > MyDefense contractor RTX to build $33 million production facility in south Arkansas -Visionary Wealth Guides
Defense contractor RTX to build $33 million production facility in south Arkansas
View
Date:2025-04-27 19:55:56
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! (59)
Related
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- To test the Lotus Emira V-6, we first battled British build quality
- Russell Westbrook expected to join Nuggets after Clippers-Jazz trade
- America's billionaires are worth a record $6T. Where does that leave the rest of us?
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Rachel Lindsay's Ex Bryan Abasolo Says He Was “Psychologically Beaten Down Before Meeting Divorce Coach
- Second Gentleman Doug Emhoff stops by USA women’s basketball practice
- Political divisions stall proposed gun policies in Pennsylvania, where assassin took aim at Trump
- Could your smelly farts help science?
- Too old to work? Some Americans on the job late in life bristle at calls for Biden to step aside
Ranking
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Indianapolis anti-violence activist is fatally shot in vehicle
- Trump pays tribute to Pennsylvania firefighter killed in rally shooting
- NASA plans for space station's demise with new SpaceX Deorbit Vehicle
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- A massive tech outage is causing worldwide disruptions. Here’s what we know
- Russell Westbrook expected to join Nuggets after Clippers-Jazz trade
- How Max Meisel Is Changing the Comedy Game
Recommendation
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
Authorities recapture fugitive who used dead child's identity after escaping prison in 1994
Country Singer Rory Feek Marries Daughter's Teacher 8 Years After Death of Wife Joey
How to take better photos with your smartphone
At site of suspected mass killings, Syrians recall horrors, hope for answers
Back-to-school shopping 2024 sales tax holidays: See which 17 states offer them.
New judge sets ground rules for long-running gang and racketeering case against rapper Young Thug
Deion Sanders got unusual publicity bonus from Colorado, records show