Current:Home > ScamsDefense contractor RTX to build $33 million production facility in south Arkansas -Secure Growth Academy
Defense contractor RTX to build $33 million production facility in south Arkansas
View
Date:2025-04-15 04:40:23
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! (3594)
Related
- The White House is cracking down on overdraft fees
- Stylish & Comfortable Spring Break Outfits From Amazon You'll Actually Want to Wear
- Manhunt underway after subway rider fatally attacked on train in the Bronx
- Olympic champion Suni Lee finds she's stronger than she knew after facing health issue
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- The Fed may wait too long to cut interest rates and spark a recession, economists say
- Hey Fox News: The gold Trump sneakers are ugly. And they won't sway the Black vote.
- Stolen memory card used as evidence as man convicted in slayings of 2 Alaska women
- The White House is cracking down on overdraft fees
- Simone Biles is not competing at Winter Cup gymnastics meet. Here's why.
Ranking
- $73.5M beach replenishment project starts in January at Jersey Shore
- Bengals to use franchise tag on wide receiver Tee Higgins
- Wyoming starts selecting presidential delegates Saturday. But there’s not a statewide election
- Embattled superintendent overseeing Las Vegas-area public schools steps down
- A South Texas lawmaker’s 15
- Department of Defense says high-altitude balloon detected over Western U.S. is hobbyist balloon
- New Jersey beefs up its iconic Jersey Shore boardwalks with $100M in repair or rebuilding funds
- Nicholas Jordan, student charged in fatal Colorado shooting, threatened roommate over trash
Recommendation
John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
Department of Defense says high-altitude balloon detected over Western U.S. is hobbyist balloon
Avast sold privacy software, then sold users' web browsing data, FTC alleges
Louisiana advances a bill expanding death penalty methods in an effort to resume executions
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
US investigators provide data on the helicopter crash that killed 6, including a Nigerian bank CEO
Olympic champion Suni Lee finds she's stronger than she knew after facing health issue
Senators urge Biden to end duty-free treatment for packages valued at less than $800