Boeing awarded $20B US Navy fighter contract

The U.S. Department of Defense (Pentagon) announced the selection of Boeing to develop the sixth-generation strike fighter for the U.S. Navy, under a contract valued at $20 billion. The mission involves producing the F/A-XX aircraft, which will replace the current Super Hornet fighters starting from the next administration. This is the second time Boeing has been chosen for such a project during Trump's second term. The process will include the construction of a large manufacturing facility in St. Louis, though technical details remain confidential. The competition had been held against Northrop Grumman, which expressed interest in learning more about the decision. This move is part of the Pentagon's investments to enhance future aerial combat capabilities. Following the announcement, Boeing's shares rose by 2.4%, while Northrop Grumman's shares fell by 3.6%.

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