Current:Home > reviewsDefense contractor RTX to build $33 million production facility in south Arkansas -VitalWealth Strategies
Defense contractor RTX to build $33 million production facility in south Arkansas
View
Date:2025-04-14 16:39:20
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 $250,000 grant for infrastructure, as well as income tax credits and sales tax refunds, Arkansas Economic Development Commission Executive Director Clint O’Neal said.
veryGood! (952)
Related
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Upcoming June 2024 full moon will look unusually big and colorful
- A$AP Rocky stars alongside his and Rihanna's sons in Father's Day campaign: See the photos
- Steven Spielberg gets emotional over Goldie Hawn tribute at Tribeca: 'Really moved'
- The company planning a successor to Concorde makes its first supersonic test
- Mookie Betts has left hand fracture after being hit by pitch in Dodgers' win over Royals
- Police: 5 shot during event in Cincinnati park; all injuries considered non-life-threatening
- Staffing shortages persist as Hawaii’s effort to expand preschool moves forward
- The Grammy nominee you need to hear: Esperanza Spalding
- Justin Timberlake Celebrates Father's Day With Rare Photos of His and Jessica Biel's Sons
Ranking
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Powerball winning numbers for June 15: Jackpot now worth $44 million
- German police shot a man allegedly threatening them with an ax in Euro 2024 host city Hamburg
- Juneteenth Hack brings Black artists together with augmented-reality tech
- Stamford Road collision sends motorcyclist flying; driver arrested
- Tony Awards 2024: The complete list of winners (so far)
- Democrat-controlled Vermont Legislature attempts to override Republican governor’s vetoes
- Angelina Jolie Debuts Chest Tattoo During Milestone Night at Tony Awards With Daughter Vivienne Jolie-Pit
Recommendation
Where will Elmo go? HBO moves away from 'Sesame Street'
Florida couple wins $1 million lottery prize just before their first child is born
Mega Millions winning numbers for June 14 drawing: Jackpot climbs to $61 million
Three Colorado women murdered and the search for a serial killer named Hannibal
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Katie Ledecky, remarkably consistent, locks her spot on fourth Olympic team
A new airport could spark the economy in a rural part of Florida. Will the workforce be ready?
Henry Cavill preps to be a first-time dad in Father's Day post: 'Any tips?'