Current:Home > ContactDefense contractor RTX to build $33 million production facility in south Arkansas -Ascend Finance Compass
Defense contractor RTX to build $33 million production facility in south Arkansas
View
Date:2025-04-15 15:21:30
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! (27)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- It's easy to focus on what's bad — 'All That Breathes' celebrates the good
- Tate Modern's terrace is a nuisance for wealthy neighbors, top U.K. court rules
- Oscar nominee Michelle Yeoh shines in 'Everything Everywhere All At Once'
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Raquel Welch, actress and Hollywood sex symbol, dead at 82
- 'Laverne & Shirley' actor Cindy Williams dies at 75
- Kelela's guide for breaking up with men
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- N.Y. Philharmonic chief looks to Gustavo 'Dudamel era' after historic appointment
Ranking
- 'Most Whopper
- How Black resistance has been depicted in films over the years
- How to watch the Oscars on Sunday night
- He watched the Koons 'balloon dog' fall and shatter ... and wants to buy the remains
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- A Wife of Bath 'biography' brings a modern woman out of the Middle Ages
- Rapper Nipsey Hussle's killer is sentenced to 60 years to life in prison
- Wattstax drew 100,000 people — this 1972 concert was about much more than music
Recommendation
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
At the end of humanity, 'The Last of Us' locates what makes us human
He watched the Koons 'balloon dog' fall and shatter ... and wants to buy the remains
Rachael & Vilray share a mic — and a love of old swing standards
2025 'Doomsday Clock': This is how close we are to self
Lowriding was born in California but it's restricted. Lawmakers want to change that
A daytime TV departure: Ryan Seacrest is leaving 'Live with Kelly and Ryan'
Rapper Nipsey Hussle's killer is sentenced to 60 years to life in prison