Pentagon awards fighter contract to Boeing
The U.S. Department of Defense (Pentagon) has selected Boeing to develop the next generation of American naval attack fighters, in a $20 billion contract under the "Future Air Dominance" program. Boeing will produce the F/A-XX fighters, which will replace the current Super Hornet aircraft at the beginning of the next decade. This is the second contract the Pentagon has signed with the company for this fighter jet generation. The project is considered a crucial investment to enhance U.S. air capabilities, with Boeing manufacturing the aircraft at its St. Louis facility, while keeping details of the technology and related organization confidential. The contract competition also included Northrop Grumman, which expressed interest in participating. Following the announcement, Boeing’s shares rose by 2.4%, while Northrop’s shares declined by 3.6%.
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