A Service of UA Little Rock
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Arkansas Package Fails To Secure Military Vehicle Project

Joint Light Tactical Vehicle JLTV
Jacob Kauffman
/
KUAR News

A military vehicle assembly plant Arkansas had hoped to lure with an $87 million incentive package is going to another state.

The U.S. Army on Tuesday announced that it is awarding the contract for the Joint Light Tactical Vehicle to Wisconsin-based Oshkosh Corp. The contract is valued at $6.75 billion.

Lockheed Martin was among three companies competing for the project, which it intended to build at its Camden facility in southern Arkansas.

The Arkansas Legislature in May approved issuing bonds if Lockheed won the project. The Maryland-based company was competing with two other firms, Oshkosh plus Indiana-based AM General.

State officials had said the project would have helped the company keep more than 500 jobs and bring close to 600 more to the state.

The Associated Press is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, it's a not-for-profit news cooperative owned by its American newspaper and broadcast members.