Current:Home > reviewsDefense contractor RTX to build $33 million production facility in south Arkansas -WealthMindset Learning
Defense contractor RTX to build $33 million production facility in south Arkansas
Fastexy Exchange View
Date:2025-04-07 07:03:19
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! (93)
Related
- The Daily Money: Spending more on holiday travel?
- Alabama set to execute man for fatal shooting of a delivery driver during a 1998 robbery attempt
- Jagged Edge singer Brandon Casey reveals severe injuries from car accident
- Navy exonerates Black sailors in deadly 1944 port blast. Families say it was long overdue.
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Jagged Edge's Brandon Casey “Should Be Dead” After Breaking Neck, Skull in Car Crash
- Gymnast Gabby Douglas Weighs In On MyKayla Skinner’s Team USA Comments
- It's National Hot Dog Day! Here's how to cook a 'perfect' hot dog.
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Delay of Texas death row inmate’s execution has not been the norm for Supreme Court, experts say
Ranking
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Sheryl Lee Ralph overjoyed by Emmy Awards nomination: 'Never gets old'
- U.S. Secret Service director agrees to testify to House lawmakers after Trump assassination attempt
- Appeals court refuses to lift order blocking rule meant to expand protections for LGBTQ+ students
- Meta releases AI model to enhance Metaverse experience
- Caitlin Clark sets record for most assists in a WNBA game: Fever vs. Wings stats
- Alabama to execute Chicago man in shooting death of father of 7; inmate says he's innocent
- FACT FOCUS: Trump, in Republican convention video, alludes to false claim 2020 election was stolen
Recommendation
Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
Why Simone Biles Says Tokyo Olympics Performance Was a Trauma Response
16 Life-Changing Products You Never Knew You Needed Until Now
Fireballers Mason Miller, Garrett Crochet face MLB trade rumors around first All-Star trip
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
Heavily armed security boats patrol winding Milwaukee River during GOP convention
2024 RNC Day 3 fact check of the Republican National Convention
Gymnast Gabby Douglas Weighs In On MyKayla Skinner’s Team USA Comments