Lockheed Martin to Build Joint Light Tactical Vehicle (JLTV) at Award-Winning Facility in Camden, Arkansas

DALLAS, Oct. 15, 2013 – Lockheed Martin [NYSE: LMT] will move production of its Joint Light Tactical Vehicle (JLTV) to an assembly line at the company’s award-winning Camden, Ark., manufacturing complex, where the company expects to gain significant production efficiencies and cost reductions. “Lockheed Martin is implementing a low-risk production …

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Raytheon Co. Gets Additional Contract for Tomahawk Missile Technical Support

Raytheon Co. has been awarded an $8,737,000 modification to a previously awarded indefinite-delivery/indefinite-quantity contract for services in support of Tomahawk Depot Missile maintenance. The award includes direct fleet support for resolving technical issues with forward deployed, in-theater weapons and inventory management for the U.S. Navy and the United Kingdom. Work …

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Raytheon Missile Systems Awarded SM-6 Deal

This contract modification will incorporate requirements for lifetime buys of SM-6 obsolete components and will mitigate the risk of redesign efforts. Work will be performed in Malaga, Spain (67 percent); Melville, New York (19 percent); Camden, Arkansas (5 percent); Dallas, Texas (4 percent); Sandy Hook, Connecticut (2 percent); Los Alamitos, …

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GD Gets $224M Army Contract

by Zacks Equity Research General Dynamics Armament and Technical Products (“GDATP”), a unit of General Dynamics Corporation (GD – Analyst Report), has entered into an agreement, worth $224 million, with the U.S. Army. Per the contract, the company will supply as well as support the army’s Hydra-70 rocket program. The …

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Port of Crossett Improvements, Crossett, AR

Improvements and upgrades to the infrastructure of the dock and dolphins at the Port of Crossett, expanding the capacity of the port to receive barges and attract more industries. These upgrades will repair damage from flooding and increase crew safety at the port. DRA: $200,000; Total Project Cost: $330,353 Port access: Businesses in Crossett …

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Crossett receives Delta Regional Authority Funding for Port Delta Regional Authority

 Leverages Federal Resources to Support  Small Business, Entrepreneurs, and Communities and Invest in Infrastructure to create jobs. ARKANSAS – A new investment of resources aimed at Delta small business  owners, entrepreneurs, and communities is designed to grow the region’s economy and create jobs, the Delta Regional Authority and Arkansas Governor Mike Beebe …

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Alvar Acquires Arez LLC, Forms Alrez

Bundles Arez’s resin, Alvar’s vehicle capabilities By David Savastano With an eye on bundling its resin and vehicle capabilities for its customers, Alvar has acquired the assets of Arez LLC, including its new production facility in Crossett, AR. “In today’s difficult economic environment, it is necessary to bundle forces,” said …

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