Raytheon, an RTX business, works with Rafael Advanced Defense Systems to establish a production facility in East Camden, Arkansas, to manufacture the Tamir missile for the Iron Dome Weapon System and its US SkyHunter counterpart.
The facility will serve the US Marine Corps and allied partners, marking a development in aerospace and defense capabilities.
Through their established joint venture, Raytheon-Rafael Area Protection Systems, the two companies have committed to a $33 million capital investment to develop this facility. Once operational, the facility will play a role in the production of missiles for the US Marine Corps and several allied partners, enhancing their air defense capabilities.
Rafael ADS is a contractor on several Israeli air defense programs, including the Barak LR-SAM, Iron Dome and David’s Sling, and is also the lead developer of the Iron Beam energy weapon system, according to GlobalData.Thematic Intelligence: Missile Defense” report.
Get access to the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain a competitive edge.
Company Profile – free sample
Thanks!
Your download email will arrive shortly
We are confident in the unique quality of our company profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the form below
From GlobalData
Raytheon’s Tom Laliberty, president of Land & Air Defense Systems and chairman of the board for Raytheon-Rafael Area Protection Systems, said, “This new location in Camden will be the first integrated manufacturing facility in the U.S. to help support Armed forces and allies around the world with this highly capable air defense missile.
This new facility will allow us to expand our presence in Camden and further benefit from the talent and expertise of the residents of this aerospace and defense hub.”
The collaboration between Raytheon and Rafael has continued for over a decade, focusing primarily on the development and deployment of the Iron Dome system, which has achieved a success rate of over 5,000 operational intercepts and a success rate exceeding 90%.
The American SkyHunter is designed to provide medium-range air defense against various threats, including cruise missiles, manned and unmanned aircraft, rockets, artillery and mortars. These SkyHunter missiles will be built to support the US Marine Corps’ Medium Range Interceptor Capability (MRIC) program.
Clint O’Neal, executive director of the Arkansas Economic Development Commission, emphasized the importance of this venture to Arkansas, saying, “Arkansas is proud to be a leader in aerospace and defense, helping to ensure the freedom and security of United States. and its allies around the world.
East Camden provides an experienced workforce for Raytheon and Rafael Advanced Defense Systems’ new venture, and we look forward to the success of the community and companies.”
The joint venture plans to break ground on the new facility before the end of the year to start rocket production by 2025.
RTX recently announced its third quarter results, reporting a 21% decline in sales compared to the previous year. Raytheon posted an operating profit of $560 million, down 18% from a year earlier.
Read the original at Defence247.gr
