Current:Home > InvestDefense contractor RTX to build $33 million production facility in south Arkansas -Summit Capital Strategies
Defense contractor RTX to build $33 million production facility in south Arkansas
View
Date:2025-04-17 00:07:05
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! (1927)
Related
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Former US Army civilian employee sentenced to 15 years for stealing nearly $109 million
- Google’s corporate parent still prospering amid shift injecting more AI technology in search
- Agreement halts Cowboys owner Jerry Jones’ countersuit trial against woman who says he’s her father
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Meet Leo, the fiery, confident lion of the Zodiac: The sign's personality traits, months
- Darryl Joel Dorfman: Leading Financial Technology Innovation
- Trump expected to turn his full focus on Harris at first rally since Biden’s exit from 2024 race
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- House leaders announce bipartisan task force to probe Trump assassination attempt
Ranking
- In ‘Nickel Boys,’ striving for a new way to see
- Old Navy Jeans Blowout: Grab Jeans Starting at Under $14 & Snag Up to 69% Off Styles for a Limited Time
- Netflix announces Benedict as the lead for Season 4 of 'Bridgerton': 'Please scream'
- Woman pleads guilty to stealing $300K from Alabama church to buy gifts for TikTok content creators
- Stamford Road collision sends motorcyclist flying; driver arrested
- Army Reserve punishes officers for dereliction of duty related to Maine shooting
- Reese's Pumpkins for sale in July: 'It's never too early'
- Target's Lewis the Pumpkin Ghoul is back and he brought friends, Bruce and Lewcy
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
2024 Paris Olympic village: Cardboard beds, free food and more as Olympians share videos
Darryl Joel Dorfman: Leading Financial Technology Innovation
NHRA legend John Force released from rehab center one month after fiery crash
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Democrats hope Harris’ bluntness on abortion will translate to 2024 wins in Congress, White House
Proposal to create a new political mapmaking system in Ohio qualifies for November ballot
Chinese swimmers saga and other big doping questions entering 2024 Paris Olympics