Following a meeting last week with Arkansas Gov. Asa Hutchinson at the Paris Air Show, Aerojet Rocketdyne, a world leader in the development and manufacturing of aerospace and defense products, on Monday announced plans to expand its facility in Calhoun County.
As part of the expansion, the company will add 85 new full-time employees and invest $18 million in new buildings, upgrades, and new equipment, officials said. The addition of 85 new positions will bring total employment at the Aerojet Rocketdyne facility in Calhoun County to more than 630 people.
The company manufactures solid rocket motors and warheads for the defense industry at the south Arkansas facility.
The expansion plans were discussed and finalized last week in Paris during a meeting between Hutchinson and several Aerojet Rocketdyne leaders at the Paris Air Show.
"The number one way we can grow Arkansas’s economy is through supporting our existing companies and giving them the tools they need to thrive in the state,” Hutchinson said. “During our time in Paris, I had the opportunity to meet with the several Aerojet Rocketdyne leaders. The company expressed confidence in the state’s overall business climate and southern Arkansas’s workforce. Thanks to Aerojet Rocketdyne for their ongoing commitment to doing business in Arkansas."
"The City of Camden very much appreciates the significant investment Aerojet Rocketdyne is making in our community,” Camden Mayor Marie Trisollini said. “The company’s decision to expand will have a positive impact on many families in Camden, Ouachita County, and Calhoun County for years to come. We have a workforce in place that will be a great fit for the new jobs that will be created. We look forward to the company’s continued growth in southern Arkansas."