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.
