Boeing Wins $20 Billion F/A-XX Contract as Shares Rise 2%
Updated
Updated · CNBC · Sep 30
Boeing Wins $20 Billion F/A-XX Contract as Shares Rise 2%
3 articles · Updated · CNBC · Sep 30
Summary
Boeing climbed 2% in premarket trading after securing a $20 billion Pentagon contract to develop the sixth-generation F/A-XX strike fighter.
The award gives Boeing the lead role on a next-generation Navy jet program meant to replace F/A-18E/F Super Hornets and operate alongside F-35Cs and unmanned aircraft.
Northrop Grumman, reportedly also in contention for the contract, fell 3.5%, underscoring the market's view of Boeing as the clear winner from the decision.
The deal marks Boeing's second sixth-generation fighter program and strengthens its position in a high-stakes U.S. defense push for future air superiority.