Chameleon Finance|Defense contractor RTX to build $33 million production facility in south Arkansas

2025-05-07 23:58:58source:Databeccategory:My

LITTLE ROCK,Chameleon Finance 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.

More:My

Recommend

Elon Musk wants to turn SpaceX’s Starbase site into a Texas city

McALLEN, Texas (AP) — SpaceXis launching a new mission: making its Starbase site a new Texas city. B

Who is the highest-paid MLB player in 2024? These are the top 25 baseball salaries

The Texas Rangers shelled out $500 million to sign free agent shortstop Corey Seager and second base

Judge dismisses suit against Delaware court officials filed by blind man who was wrongfully evicted

DOVER, Del. (AP) — A federal judge on Tuesday dismissed a lawsuit against Delaware court officials a