Current:Home > StocksDefense contractor RTX to build $33 million production facility in south Arkansas -Wealth Harmony Labs
Defense contractor RTX to build $33 million production facility in south Arkansas
View
Date:2025-04-12 05:15:07
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! (13)
Related
- Questlove charts 50 years of SNL musical hits (and misses)
- Georgia lawmakers seek answers to deaths and violence plaguing the state’s prisons
- J.D. Martinez pays it forward, and Mets teammate Mark Vientos is taking full advantage
- Christina Hall appears to be removing ring finger tattoo amid Josh Hall divorce
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Blake Lively’s Brother-in-Law Bart Johnson Fiercely Defends Her Amid It Ends With Us Criticism
- Michael Bolton's nephew on emotional 'Claim to Fame' win: 'Everything was shaking'
- Woman killed after wrench 'flew through' car windshield on Alabama highway: report
- What do we know about the mysterious drones reported flying over New Jersey?
- Real Housewives of Orange County's Alexis Bellino Engaged to John Janssen After 9 Months of Dating
Ranking
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- You’ll Flip Over Simone Biles and Gabby Thomas' Meet Up With Caitlin Clark
- Police fatally shoot man on New Hampshire-Maine bridge along I-95; child, 8, found dead in vehicle
- Bill Belichick's packed ESPN schedule includes Manningcast, Pat McAfee Show appearances
- Rylee Arnold Shares a Long
- Criminal charges weighed against a man after a country music star stops show over an alleged assault
- Boar's Head plant linked to listeria outbreak had bugs, mold and mildew, inspectors say
- Health officials in Wisconsin, Illinois report 3 West Nile virus deaths
Recommendation
Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
Scooter Braun jokes he wasn't invited to Taylor Swift's party: 'Laugh a little'
Pregnant Brittany Mahomes Details Lesson Learned After Back Injury
Hiker from North Carolina found dead near remote Colorado River trail in Grand Canyon
Nevada attorney general revives 2020 fake electors case
Police fatally shoot man, then find dead child in his car on Piscataqua River Bridge
Ukraine says one of its Western-donated F-16 warplanes has crashed
The US Appetite for Electricity Grew Massively in the First Half of 2024, and Solar Power Rose to the Occasion