Textron Shares Rise as US Army Taps Ripsaw M3 for Combat Vehicle

Textron Inc. shares are up as much as 3.2% on Friday, after the company’s Ripsaw M3 unmanned ground vehicle won a contract with the US Army, according to a Breaking Defense report.

• “The service isn’t expected to formally announce that decision until later this month, but vendors have been notified. However, sources inside industry and the Army told Breaking Defense that Textron is the victor”
• The stock has nine buys, eight holds and one sell rating, with an average PT of $90: data compiled by Bloomberg
• Shares are down 1.9% YTD

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