- 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%).
From other sites
at CNBC.com (Jan 5, 2015)
at CNBC.com (Dec 18, 2014)
Video at CNBC.com (Dec 18, 2014)
at CNBC.com (Dec 3, 2014)
at CNBC.com (Nov 24, 2014)
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