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.
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.