Bell Textron was awarded a $1.36B hybrid contract for development of the Future Long Range Assault Aircraft weapon system. Bids were solicited via the internet with two received. Work has an estimated completion date of April 5, 2031. FY22 and FY23 research, development, test and evaluation, Army funds in the amount of $232.21M were obligated at the time of the award. U.S. Army Contracting Command is the contracting activity.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on TXT:
- Early notable gainers among liquid option names on December 6th
- Textron’s FLRAA win should be ‘positively received,’ says Morgan Stanley
- Astronics rises after Bell Textron wins Army’s FLRAA contract
- Textron Surges As it Bags U.S. Army Contract Worth $1.3 Billion
- Textron award estimated at $11 per share net present value, says Jefferies