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.

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.