Current:Home > reviewsDefense contractor RTX to build $33 million production facility in south Arkansas -Stellar Wealth Sphere
Defense contractor RTX to build $33 million production facility in south Arkansas
View
Date:2025-04-18 16:25:30
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! (4822)
Related
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- The Grammy nominee you need to hear: Esperanza Spalding
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- What do we know about the mysterious drones reported flying over New Jersey?
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
Ranking
- Global Warming Set the Stage for Los Angeles Fires
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- 2025 'Doomsday Clock': This is how close we are to self
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
Recommendation
Military service academies see drop in reported sexual assaults after alarming surge
Senate begins final push to expand Social Security benefits for millions of people
A South Texas lawmaker’s 15
Bill Belichick's salary at North Carolina: School releases football coach's contract details
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
Louvre will undergo expansion and restoration project, Macron says
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti