Pentagon picks Boeing to build new carrier fighter jet to replace F/A-18

The Pentagon has chosen Boeing to build the US Navy's new fighter jet, known as the F/A-XX, in a contract worth US$20 billion. This decision marks a significant win for Boeing, which will replace the current F/A-18 fighter jets used by the US Navy. The new jets, set to be produced in the 2030s, will be part of the "Next Generation Air Dominance Program" and will give the US Navy a cutting-edge air defense capability.

Why it matters

The contract is a significant win for Boeing, and it will likely have a positive impact on the company's stock price. The contract is valued at $20 billion, which is a substantial amount and will likely lead to increased revenue and profitability for Boeing.

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