CAMDEN, NJ—The New Jersey Economic Development Authority has awarded defense contractor Lockheed Martin another $107 million in tax credits over the next 10 years. The defense contractor will use the tax savings to defray costs of two R&D labs the company has proposed to open here.
SOUTH BEND, IN—Defense contractor AM General will soon begin recalling employees back to work at its assembly plant here in anticipation of a U.S. government contract. Up to 200 employees could be recalled.
HUNTSVILLE, AL—Raytheon Co. has revolutionized missile manufacturing at its sprawling, classified factory here, where automated transporters ferry missile parts to gleaming assembly stations, and even tuck themselves away for charging when their batteries run low.