Shares of Textron Inc. (TXT) are rising more than 5% Tuesday morning at $74.09 after winning Army contract.
The company said Bell Textron Inc., a Textron company, has been awarded the development contract for the U.S. Army's Future Long-Range Assault Aircraft (FLRAA) program.
"We are honored that the U.S. Army has selected the Bell V-280 Valor as its next-generation assault aircraft," said Scott C. Donnelly, Textron's chairman and chief executive officer.
TXT has traded in the range of $57.11- $79.45 in the last 1 year.
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