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Arkansas House, Senate endorse $87 million incentive package for Lockheed Martin

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LITTLE ROCK, Arkansas — An $87 million incentive package aimed at helping attract a defense contract to south Arkansas has easily won initial approval from state lawmakers.

The Arkansas House voted 96-0 on Wednesday to issue bonds if Lockheed Martin wins a contract to assemble a tactical vehicle for the Army and Marines at its Camden facility. The same proposal passed the Senate on a 31-3 vote.

State officials say they expect nearly 600 new jobs to be created if the Maryland-based company wins the contract.

The incentive package is the top agenda item for the special legislative session that began Tuesday. Final votes are set in both chambers on Thursday.

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