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

 


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).