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“We are honored that the US Army has selected the Bell V-280 Valor as its next-generation assault aircraft.”

US Army Selects Bell's V-280 To Replace Black Hawk Helicopters | ZeroHedge HomePremiumContributorsChannelsAllBailoutCommoditiesCOVID-19CryptoEconomicsEnergyGeopoliticalMarketsMedicalMilitaryPersonal-FinancePoliticalTechnologyWeatherThe Market EarMerchAboutMoreRSSDonateAdvertiseLOGINLoginUsernamePasswordLoginCreate new accountReset your passwordThis site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.ZeroHedge ReadsActing ManAlt-MarketAntiWar.comBitcoin MagazineBombthrowerCapitalist ExploitsChristophe BarraudDollar CollapseDr. Housing BubbleFinancial RevolutionistForexLiveFundistGains Pains & CapitalGefiraGMG ResearchGold CoreImplode-ExplodeInsider PaperLiberty BlitzkriegMax KeiserMises InstituteMish TalkNewsquawkOf Two MindsOil PriceOpen The BooksPandemic: War RoomPeter SchiffQTR’s Fringe FinanceSafehavenSkwealthacademySlope of HopeSpotGammaTF Metals ReportThe Automatic EarthThe Burning PlatformThe Economic PopulistThe Libertarian InstituteThe SakerThemis TradingValue WalkVisual Combat Banzai7Wolf StreetExpandUS Army Selects Bell's V-280 To Replace Black Hawk Helicoptersby Tyler DurdenTuesday, Dec 06, 2022 - 07:15 PMLate Monday evening, the US Army awarded Textron Inc's Bell unit with the contract to build the next-generation helicopter, ending years of fierce competition between Lockheed Martin Corp.-Boeing Co. to replace the aging fleet of Sikorsky UH-60 Black Hawks by 2030. The Army's "Future Vertical Lift" award went to Bell's V-280 Valor tiltrotor aircraft, similar to the V-22 Osprey. The new aircraft can take off and land vertically like a helicopter but rotate massive props to fly like a fixed-wing aircraft at impressive speeds. "The V-280's unmatched combination of proven tiltrotor technology coupled with innovative digital engineering and an open architecture offers the Army outstanding operational versatility for its vertical lift fleet," Bell said in a statement."We are honored that the US Army has selected the Bell V-280 Valor as its next-generation assault aircraft."We intend to honor that trust by building a truly remarkable and transformational weapon system to meet the Army's mission requirements. We are excited to play an important role in the future of Army Aviation," Scott C. Donnelly, Textron's chairman and chief executive officer, said in a statement. Shares of Textron jumped significantly on the news, back at their highest since April...Textron didn't release the terms of the contract. However, Bloomberg noted the contract was worth up to $1.3 billion, with development expected to take approximately 19 months. The Army said V-280 will "provide transformational increases in speed, range, payload, and endurance to replace a portion of the Army's current assault and utility aircraft fleet."Douglas Bush, Army assistant secretary for acquisition, told reporters at the Pentagon Monday that the selection of the V-280 "is our chance to move to the next step in this vital program." Army officials said if all contract options were exercised, it could rise to $7 billion, including the first initial low-rate production of the next-generation helicopter. The Army has been testing and evaluating another aircraft besides the V-280: A coaxial lift compound rotor helicopter called Defiant X, built by the Lockheed-Boeing team.Lockheed-Boeing group released a statement that the fight to win the contract wasn't over: "We remain confident Defiant X is the transformational aircraft the US Army requires to accomplish its complex missions today and well into the future," the group said. "We will evaluate our next steps after reviewing feedback from the Army."Rapid modernization efforts are underway for the US military. Last Friday, the Air Force unveiled the next-generation bomber called the B-21 Raider. 68,055331More military stories on ZerohedgeRussian Military Faces Rare Outrage At Home After Devastating Barracks AttackHuge Death Toll After US-Supplied Himars Leveled Russian Barracks In Donetsk, Possibly Hundreds KilledStrikes Inside Russia Will Go "Deeper & Deeper": Ukraine Intelligence ChiefNEVER MISS THE NEWS THAT MATTERS MOSTZEROHEDGE DIRECTLY TO YOUR INBOXReceive a daily recap featuring a curated list of must-read stories.Show CommentsWant more of the news you won't get anywhere else?Sign up now and get a curated daily recap of the most popular and important stories delivered right to your inbox.Today's Top Stories+Tech's rates volatility problemSource: RefinitivTech is the rate sensitive play. Bond volatility, MOVE, has remained trading stressed and this matters for tech. Note the latest gap between the two, but on the other hand don't forget volatility does not trend over (longer) time. Watch this chart going forward. MOVE vs NASDAQ (inv). 18 hours ago at 3:10Fat and flat maniaWaiting for the trend to show up SPX unchanged since mid December... Source: Refinitiv SPX and tightening cycles Some market poetry via DB's great Kovic: "When the time came to reverse monetary policy in the face of high inflation, vol spiked triggering forced unwinds. The very inertia of those unwinds defined the subsequent S&P trajectory – both bonds and risk assets sold off. And while the S&P is down 20% from its Jan 2022 highs, it is still some 15% above the pre-COVID lows in early 2020." Source: DB No bids from this buyer We are in "deep" buyback black out window and it grows. GS estimates the black out period ends around Jan 27. This is obviously not new news, but still important for the VWAP bid... Source: GS The buy signal getting closer BofA's derivatives guru, Savita Subramanian, points out that their SSI model (sell side indicator) is at the lowest levels since 2017 and is close to a buy signal. She points out that: "Historically, when the SSI was at current levels or lower, subsequent 12m S&P 500 returns were positive 95% of the time (vs. 81% over the full history) and the median 12m return was +21%." Source: BofA Weaker inflation means weaker earnings This is particularly true for SPX earnings given they are levered more towards goods vs. services, and it is goods disinflation that Team Wilson + MS Economists expect to be most prevalent in 2023. That’s driven by payback in demand from overconsumption of goods post COVID and the excess inventory that’s still pervasive, which will continue to drive discounting activity throughout the year.  And while the decline in goods inflation is a headwind for pricing + top line, other inflationary forces are likely to remain stickier, particularly on the labor side. And that’s a cost = end demand / pricing slowing, while costs don’t decline as fast.  Recall, this is at the core of Mike's negative operating leverage thesis for 2023 and behind the ~200bps of margin compression he has in his EPS forecast. (Morgan Stanley) Fastest credit card delinquency growth since GFC "We expect further credit deterioration from here as inflation hits consumer wallets. Expect consensus 2023 EPS declines post 4Q22 earnings" Source: Morgan Stanley Rude crude Oil reversed right on the 50 day moving average and the negative trend line. This remains an asset stuck in the short term 76/86 range, despite the China reopening and other narratives. Source: Refinitiv Oil is not a China reopening trade Yes, everybody talks about it, but long oil has been an awful "china reopening" trade. Better trade the "direct asset". FXI vs oil. Source: Refinitiv Fed and gold Few thoughts from GS trading that are bullish gold: 1. If the Fed pivots too early and becomes dovish in a high inflation scenario, it could be bearish for the US dollar, which would help gold 2. If the Fed pivots too late and causes a bigger recession than is currently priced in, there could be a flight to safety, which would also help gold 3. When the rate hiking cycle ended in late 2018, gold marked its lows in late October-November of that year and was up 20% in 2019 Got straddles? Time to get some straddles for the pre announcement "season". GS reminds us: "...options investors are missing the potential for key company pre announcements over the next two weeks". Too much focus on Fed and inflation has taken away focus from single stocks and the possibility for surprises over the coming weeks. From a sector point of view they see XLV and XLY as the lowest priced options vs what some of the constituents have pre announced historically. Source: GS   See TME's daily newsletter email above. 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US Army Selects Bell’s V-280 To Replace Black Hawk Helicopters