Textron stock soared Tuesday after the defense company won a contract worth up to $80 billion to build a new helicopter for the Army.
Word of the award came late Monday. 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.
Source: finance.yahoo.com
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