Current:Home > reviewsDefense contractor RTX to build $33 million production facility in south Arkansas -Thrive Financial Network
Defense contractor RTX to build $33 million production facility in south Arkansas
View
Date:2025-04-15 08:13:43
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! (29952)
Related
- Senate begins final push to expand Social Security benefits for millions of people
- Miss France Winner Eve Gilles Defends Her Pixie Haircut From Critics
- Colorado Supreme Court bans Trump from the state’s ballot under Constitution’s insurrection clause
- North Korea and Russia clash with US, South Korea and allies over Pyongyang’s latest missile launch
- Senate begins final push to expand Social Security benefits for millions of people
- In a season of twists and turns, these 10 games decided the College Football Playoff race
- Zelenskyy says he is weighing Ukrainian military’s request for mobilization of up to 500,000 troops
- Pope Francis says priests can bless same-sex couples but marriage is between a man and a woman
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Monsanto ordered to pay $857 million to Washington school students and parent volunteers over toxic PCBs
Ranking
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Former Haitian senator sentenced to life in prison in 2021 assassination of Haiti’s president
- How to help foreign-born employees improve their English skills? Ask HR
- As climate warms, that perfect Christmas tree may depend on growers’ ability to adapt
- Retirement planning: 3 crucial moves everyone should make before 2025
- Playing live, ‘Nutcracker’ musicians bring unseen signature to holiday staple
- Russia ramps up its military presence in the Arctic nearly 2 years into the Ukraine war
- Alyssa Milano Shares Lesson on Uncomfortable Emotions
Recommendation
Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
MLB mock draft 2024: Who will Cleveland Guardians take with No. 1 overall pick?
Politicians, workers seek accountability after sudden closure of St. Louis nursing home
Japan’s trade shrinks in November, despite strong exports of vehicles and computer chips
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
Japan’s trade shrinks in November, despite strong exports of vehicles and computer chips
George Santos says he'll be back — and other takeaways from his Ziwe interview
Greece approves new law granting undocumented migrants residence rights, provided they have a job