FORT SMITH, Ark. (KNWA/KFTA) — Gov. Asa Hutchinson was in Fort Smith for the Mid-America Aerospace and Defense Alliance Summit today.
The event aims to showcase the importance of the defense and aerospace industry.
It’s taking place just days after Ebbing Air National Guard Base was chosen as the future home for F-35 fighter planes and an F-16 squadron from Singapore.
Hutchinson spoke on how the state benefits from the decision. “The estimates are $800 million to $1 billion annually, and an economic benefit,” Hutchinson said. “To put that in perspective, that’s a 20% increase from an economic boost from all of our military installations across the state.”
The governor went on to say the decision will bring more jobs to the state and will boost the housing market.