U.S. Army awards contract to Textron for next-generation helicopter

WASHINGTON (Reuters) – The U.S. Army on Monday awarded the contract for its next-generation helicopter to Textron Inc (NYSE:)’s Bell unit, ending a years-long competition for the technology that will replace the Black Hawk utility helicopter.

The Army’s “Future Vertical Lift” competition is aimed at finding a replacement as the Army looks to retire more than 2,000 medium-class UH-60 Black Hawk utility helicopters built by Sikorsky since the 1970s.

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