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Arkansas lawmakers give final OK to $87 million incentive package for Lockheed Martin

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LITTLE ROCK, Arkansas — Lawmakers have given final approval to an $87 million incentive package intended to bring a military vehicle assembly plant to south Arkansas.

The Senate Thursday approved the measure 30-2, while the House approved an identical bill on a 90-0 vote. The plan calls for issuing bonds if Lockheed Martin wins a defense contract to assemble a new tactical vehicle at its Camden facility that will replace the Humvee.

State officials have said if Lockheed wins the contract, the project will create about 600 new jobs and keep more than 500 existing jobs in Arkansas. The proposal was the top agenda item for the special session that began Tuesday.

The proposal now heads to Gov. Asa Hutchinson, who plans to sign the measure into law on Friday.

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