On Friday, defense contractors Boeing and United Technologiesannounced they are teaming up to bid on phase 1 of the U.S. Army's Joint Multi-Role (JMR) Technology Demonstrator (TD) program.
JMR TD is part of the Pentagon's planned Future Vertical Lift program, which aims to produce a next-generation aircraft that will be faster than current helicopter and tilt-rotor offerings, and also capable of carrying bigger payloads to the battlefield. The Pentagon is hedging on the meaning of aircraft at this point, as the generals remain uncertain whether they want a new helicopter, or a sort of hybrid helo-plane like the V-22 Osprey tiltrotor.
They do want something somewhat better than what they have now, and Boeing and UTC's Sikorsky unit will try to build it for them. If the companies win a contract, they would be asked to build and test-fly a prototype aircraft by 2017.
The article Boeing and United Tech Ally for Future Vertical Lift Bid originally appeared on Fool.com.
Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.