Subsidy Tracker Individual Entry

Company: 
Lockheed Martin
Parent Company: 
Lockheed Martin
Subsidy Source: 
state
Location: 
Arkansas
City: 
Camden
Project Description: 

military vehicle assembly plant

Year: 
2015
Major Industry of Parent: 
aerospace and military contracting
Specific Industry of Parent: 
aerospace & military contracting
Subsidy Value: 
$87,100,000
Program Name: 
legislative action
Awarding Agency: 
state legislature
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
600 new; 550 retained
Source of Data: 

The subsidy value and jobs projections came from: Michael R. Wickline, "Hutchinson Signs Lockheed Bond Bills," Arkansas Democrat-Gazette, May 30, 2015.

Notes: 

The state legislature approved a bill allowing for the issuance of an $87.1 million general obligation bond to finance Lockheed Martin's expansion costs in connection with a hoped-for U.S. Army contract. The contract was awarded to Wisconsin-based Oshkosh Corp. instead. Overlap with main Subsidy Tracker data: none.

Source Notes: 
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