Textron to team with Lockheed for Army helicopter program bid

Textron (TXT +2.8%) is set to team with Lockheed Martin (LMT +0.3%) on the Bell V-280 Valor helicopter program.

The V-280 Valor tiltrotor will utilize LMT's equipment and weapons.

The two companies are set to bid for contracts from the Army's Joint Multi-Role Technology Demonstrator program, with awards expected this month. (PR)

TXT/ LMT face competition from a team comprised of United Technologies' (UTX +1.2%) Sikorsky Aircraft and Boeing (BA +1.1%).

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