Lockheed, Textron Set to Battle for Helicopter Air Superiority

The U.S. Army has narrowed a list of five contenders to build its new attack and reconnaissance helicopter down to two, setting up a showdown between Lockheed Martin (NYSE: LMT) and Textron (NYSE: TXT) that will help determine what the future of vertical lift looks like.

The two companies are now engaged in two separate competitions with combined potential contract awards that could hit $60 billion. And they are offering two very different visions for Army evaluators to consider.

Textron's Bell 360 Invictus and Lockheed's Sikorsky Raider X beat out competing designs from Boeing and entries backed by Northrop Grumman and L-3 Harris to make the final cutoff for the Army's Future Attack and Reconnaissance Aircraft (FARA) competition.

Source Fool.com