Textron (TXT) jumps on FLRAA contract award - deal will 'drive meaningful contributions'

Textron's (TXT) Bell V-280 Valor Chosen as New U.S. Army Long-Range Assault Aircraft (earlier)

Textron Inc (NYSE: TXT) announced today that Bell Textron Inc., a Textron company, has been awarded the development contract for the U.S. Armys Future Long-Range Assault Aircraft (FLRAA) program. The award is based on Bells V-280 Valor tiltrotor that was developed and tested as part of the Joint Multi-Role Technology Demonstrator (JMR TD) program that began in 2013. The V-280 progressed through design, manufacturing, and more than three years of rigorous flight testing that provided extensive data validating the technical and operational advantages of the aircraft for the long-range... More

After-hours movers: GitLab jumps on earnings, Textron on Army copter win

After-Hours Stock Movers:

GitLab Inc (NASDAQ: GTLB) 21% HIGHER; reported Q3 EPS of ($0.10), $0.05 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $113 million versus the consensus estimate of $106.04 million. GitLab Inc sees Q4 2023... More

U.S. Army awards Black Hawk replacement contract to Textron's Bell

By Idrees Ali and Mike Stone

WASHINGTON (Reuters) -The U.S. Army on Monday awarded the contract for its next-generation helicopter to Textron Inc's Bell unit, ending a years-long competition for the technology that will replace the Black Hawk utility helicopter.

The Army's "Future Vertical Lift" competition aimed at finding a replacement as the Army looks to retire more than 2,000 medium-class UH-60 Black Hawk utility helicopters built by Sikorsky since the 1970s.

The Army was looking for an aircraft capable of moving about a dozen troops... More

Textron (TXT) Surges 10% on U.S. Army Next Gen Helicopter Win

Textron (NYSE: TXT) gains as U.S Army announced Bell Textron wins contract to make next generations helicopters. Shares up 10%.