I just sprayed my lawn with bifenthrin a week ago to kill the armyworms in my yard. They were all dead within 2 days, but most of them died within an hour. I used Ortho bug b gone concentrate at the max rate (12oz per gallon for 1k SF). I haven't seen any more caterpillars yet but I did see a couple moths yesterday. I applied chlorantraniliprole (grub ex) yesterday and will be applying another app of bug b gone next Wednesday to hopefully get the rest of them and break their life cycle.
As for the grass, it is already fully recovered and better than ever. If you spray immediately the dead areas should spring right back to life. My lawn is newly seeded so its not at full thickness yet, but I got them quickly enough that the "dead" stems weren't dead, they had just had all the green parts chewed off. The day after spraying they had visible growth. I don't have any pictures since I sprayed, but if you check out my lawn journal you can see what the damage they did looked like.