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Textron Wins $80 Billion U.S. Army Helicopter Contract. Stock Soars.

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Textron Wins Big U.S. Army Helicopter Contract. Stock Soars. | Barron’s

 


Textron

stock is soaring Tuesday after the company won an $80 billion contract to build a new helicopter for the army.

Monday evening, the U.S. Army announced it had selected


Textron

(ticker: TXT) subsidiary Bell Helicopter to supply its new long-range assault helicopter. Textron beat a joint bid from


Lockheed Martin

(LMT) and


Boeing

(BA).

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