The contract guarantees a profit for Boeing through the development phase, unlike its past defense deals.
The U.S. Navy is expected to announce this week who will build its next-generation carrier-based stealth fighter - a program worth hundreds of billions over its lifetime and a key part of plans to confront China, people familiar with the decision said.
CNBC's Phil LeBeau joins 'Closing Bell Overtime' with breaking news.
Boeing is seeking to withdraw an earlier agreement to plead guilty in a long-running criminal case that blamed the company for deceiving regulators before two deadly crashes of 737 MAX jets, the Wall Street Journal reported on Monday, citing two people familiar with the matter.
President Donald Trump awarded Boeing Co (NYSE:BA) a contract to build the U.S. Air Force's latest fighter jet, named F-47.
Boeing's win of the US Air Force NGAD contract is significant, marking its first clean-sheet fighter jet design, estimated to be worth more than $300 billion. The NGAD program includes two distinct fighter jets for the US Air Force and Navy, avoiding past complexities seen with the F-35's commonality approach. Northrop Grumman, with its historical expertise and current success in digital engineering, is well positioned to win the F/A-XX contract, revitalizing its fighter jet capabilities.
For investors who bought Boeing (BA 2.36%) stock on the theory that it's a leading space company, things are getting down to the wire.
Last week Boeing Co BA won a US Air Force contract to design, build and deliver next-gen fighter aircraft.
Boeing receives a contract to design, build and deliver its next-generation fighter aircraft under the NGAD program.
CNBC's Phil LeBeau and Acting FAA Administrator Chris Rocheleau join 'Squawk Box' to discuss hiring more air traffic controllers, lessons learned from the DCA crash, congestion in the airspace, Boeing's safety standards, and more.
Airbus and Boeing are preparing the aerospace industry for sharp increases in output of the next generation of workhorse jets to some 100 a month each, as they explore lighter plastic materials and robotic assembly, industry sources said.
CNBC's Morgan Brennan reports on news regarding Boeing.