Current:Home > MarketsDefense contractor RTX to build $33 million production facility in south Arkansas -CapitalCourse
Defense contractor RTX to build $33 million production facility in south Arkansas
Ethermac Exchange View
Date:2025-04-11 06:08:20
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! (52838)
Related
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- 'It’s an act of resistance:' Groups ramp up efforts in the fight to stop book bans
- Group resubmits proposal to use paper ballots in Arkansas elections
- Parasite actor Lee Sun-kyun found dead in South Korea, officials say
- Meta donates $1 million to Trump’s inauguration fund
- When to take your Christmas tree down, and how to dispose of it
- EVs and $9,000 Air Tanks: Iowa First Responders Fear the Dangers—and Costs—of CO2 Pipelines
- Paul Whelan, imprisoned in Russia for yet another Christmas, issues plea to Biden: He's the man that can bring me home
- Meet first time Grammy nominee Charley Crockett
- China’s Alibaba must face a US toymaker’s lawsuit over sales of allegedly fake Squishmallows
Ranking
- A White House order claims to end 'censorship.' What does that mean?
- We Dare You Not to Get Baby Fever Looking at All of These Adorable 2023 Celebrity Babies
- Independent lawyers begin prosecuting cases of sexual assault and other crimes in the US military
- See Orphan Natalia Grace Confront Adoptive Dad Michael Barnett Over Murder Allegations for First Time
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Founder of the American Family Association dies in Mississippi
- Massachusetts police apologize for Gender Queer book search in middle school
- 'How I Met Your Father' star Francia Raísa needs salsa, friends like Selena Gomez to get by
Recommendation
Nevada attorney general revives 2020 fake electors case
Poland says an unidentified object has entered its airspace from Ukraine. A search is underway
Jacksonville mayor removes Confederate monument while GOP official decries 'cancel culture'
Venezuela will hold military exercises off its shores as a British warship heads to Guyana
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Biden announces $250 million in military aid to Ukraine, final package of 2023
Trump is blocked from the GOP primary ballot in two states. Can he still run for president?
Von Miller speaks for first time since arrest, says nothing that was alleged was true