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Army Awards Initial Work Toward Future Vertical Lift

The Aviation and Missile Research, Development and Engineering Center (AMRDEC) yesterday said AVX Aircraft Company, Bell Helicopter Textron Inc. [TXT], Karem Aircraft Inc., and Sikorsky Aircraft Co. [UTX] were each awarded Technology Investment Agreements under a Broad Agency Announcement  for a Joint Multi-Role (JMR) Technology Demonstrator (TD) Phase 1. The Army was unable to immediately provide the value of the agreements and team investment.  For the next nine months, the four industry teams will be refining their initial designs and making…

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