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Boeing wins US Navy next-generation fighter F/A-XX contract

Reuters ·

NOC Northrop Grumman Corp
$519.86 +4.05%
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  1. 1Boeing secured more than $20 billion in contracts for the US Navy's F/A-XX fighter during the initial development stage.
  2. 2Boeing recorded a loss of $20.5 billion across five fixed-price development programs.
  3. 3Potential production work value of hundreds of billions of dollars could arise over the aircraft's life cycle.

So what's the key point?

Boeing has been selected to build new fighter jets for the US Navy. This contract provides an opportunity to generate significant revenue in the future.

Source Reuters · View original ↗

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