Shares of Astronics (ATRO) are up 59c, or 7%, to $9.59 after Bell Textron announced it has been awarded the development contract for the U.S. Army’s Future Long-Range Assault Aircraft, or FLRAA, program. The award is based on Bell’s V-280 Valor tiltrotor that was developed and tested as part of the Joint Multi-Role Technology Demonstrator program that began in 2013, the Textron (TXT) company stated. Previously, Bell Textron announced that it had selected Rolls-Royce and Astronics to support the Future Long-Range Assault Aircraft program in a collaboration to "focus on offering a low-risk and reliable integrated propulsion solution to the army." Reference Link
Published first on TheFly
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