- 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%).
Defense Stock Roundup: Sikorsky Steals Big Contracts, $5.6B Budget Request for Anti-ISIS Campaign - Analyst Blog
at Zacks.com (Nov 18, 2014)