Boeing wins the $20 billion NGAD contract, ensuring its fighter jet design and manufacturing capabilities remain intact, crucial for future defense contracts. Lockheed Martin, despite losing the NGAD bid, remains focused on the F-35 program, which continues to have significant procurement and sustainment opportunities. The NGAD program, including the F-47 and collaborative combat aircraft, aims to enhance US air superiority, particularly in response to increased threats from China.
Shares of aircraft manufacturer Boeing (BA 4.22%) were rallying on Friday, up 5.9% as of 1:45 p.m. ET.
In a major defense contract shake-up, President Donald Trump awarded Boeing a $20 billion contract on Friday to develop a next-generation sixth-generation fighter jet under the Next Generation Air Dominance (NGAD) program.
U.S. President Donald Trump awarded Boeing on Friday the contract to build the U.S. Air Force's most sophisticated fighter jet yet, dubbed the F-47, handing the company a much-needed win.
President Donald Trump says the F-47 will be the most advanced, capable, lethal aircraft ever built. FOX Business' Edward Lawrence reports on the latest addition to the U.S. military.
President Donald Trump announces Boeing has been awarded a contract to design and build the US's next-generation fighter jet. The new fighter is expected to enter service in the 2030s if everything goes according to plan.
The deal is a boost for the jet maker's money-losing defense business.
U.S. President Donald Trump on Friday awarded Boeing the contract to build the U.S. Air Force's most sophisticated fighter jet, known as Next Generation Air Dominance, two sources familiar with the situation said.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Korean Air will soon finalise a $32.7 billion deal for new Boeing aircraft and GE Aerospace engines, South Korea's industry ministry said during a visit to the United States to strengthen bilateral relations.
President Trump on Friday could award a next-generation fighter jet contract worth $20 billion. Lockheed Martin, Boeing lead contractors.
Boeing (BA 0.11%) is diligently working to turn around the massive losses in cash flow from operations.