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4 Things to Know About Textron’s Helicopter That Won an $80 Billion Army Contract

4 Things to Know About Textron’s Helicopter That Won an $80 Billion Army Contract

Textron stock soared Tuesday after the defense company won a contract worth up to $80 billion to build a new helicopter for the Army. The Army is turning to Textron (ticker: TXT) subsidiary Bell Helicopter for a new long-range assault helicopter—the Bell V-280 Valor—that will replace the service’s 40-plus-year-old UH-60 Black Hawk. Textron beat a joint bid from Lockheed Martin (LMT) and Boeing (BA).