Despite Coronavirus, Textron’s Defense Business Got Two Big Boosts In March (From Forbes)

Providence, Rhode Island-based Textron is a major player in aerospace. It dominates manufacture of small and medium-size business jets, it provides aircraft simulation and training services, it develops reconnaissance drones, and it is one of three large integrators of rotorcraft in the U.S. The latter part of the company’s portfolio got two big boosts in March, when the U.S. Army disclosed that teams headed by Textron are finalists to produce a next-generation scout helicopter and a successor to the widely-used Black Hawk. If it prevails in the final down-select for the scout, Textron will build hundreds of rotorcraft. If it prevails in the other effort, it could build thousands–not to mention the first combat tilt-rotor in U.S. Army history. I have written a commentary for Forbes here.