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Textron Wins $80 Billion U.S. Army Helicopter Contract. Stock Soars.
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Shares of industrial-defense company
Textron
are soaring Tuesday. Winning an $80 billion contract will do that.
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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