Current:Home > StocksDefense contractor RTX to build $33 million production facility in south Arkansas -VitalWealth Strategies
Defense contractor RTX to build $33 million production facility in south Arkansas
View
Date:2025-04-13 19:29:48
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! (4)
Related
- Buckingham Palace staff under investigation for 'bar brawl'
- BTW, The K-Beauty Products You've Seen All Over TikTok Are on Major Sale Right Now on Amazon
- Gonzaga's Mark Few continues March Madness success with ninth Sweet 16 appearance in row
- March Madness Sweet 16 dates, times, TV info for 2024 NCAA Tournament
- Organizers cancel Taylor Swift concerts in Vienna over fears of an attack
- Stellantis recalls nearly 285,000 Dodge, Chrysler cars over potentially deadly airbag defect
- New England battling a mix of wind, rain, sleet and heavy snow
- Longtime Baltimore Orioles owner Peter Angelos dies at 94
- Clay Aiken's son Parker, 15, makes his TV debut, looks like his father's twin
- South Dakota man sentenced to 10 years for manslaughter in 2013 death of girlfriend
Ranking
- Kehlani Responds to Hurtful Accusation She’s in a Cult
- 'Unbelievable toll': Tate accusers see waves of online hate as brothers sue for defamation
- Ditch Bad Hair Days for Salon-Worthy Locks With Amazon Deals Starting at $4: T3, Joico, Olapex & More
- Nevada’s first big-game moose hunt will be tiny as unusual southern expansion defies climate change
- The Best Stocking Stuffers Under $25
- Here Are the Irresistible Hidden Gems from Amazon’s Big Spring Sale & They’re Up to 83% off
- Kristin Cavallari Jokes Boyfriend Mark Estes Looks Like Heath Ledger
- Former Filipino congressman accused of orchestrating killings of governor and 8 others is arrested at golf range
Recommendation
Mega Millions winning numbers for August 6 drawing: Jackpot climbs to $398 million
April 2024 total solar eclipse guide: How to watch, understand and stay safe on April 8
How the Kate Middleton Story Flew So Spectacularly Off the Rails
Posing questions to Jeopardy! champion-turned-host Ken Jennings
Judge says Mexican ex-official tried to bribe inmates in a bid for new US drug trial
What is Palm Sunday? Why is the donkey important to the story? And how is it celebrated worldwide?
NBC’s Chuck Todd lays into his network for hiring former RNC chief Ronna McDaniel as an analyst
What is Palm Sunday? Why is the donkey important to the story? And how is it celebrated worldwide?