Boeing awarded $20 billion U.S. Navy F/A‑XX sixth‑generation fighter contract
The U.S. Navy selected Boeing to develop the next‑generation carrier‑based stealth fighter, designated F/A‑XX, in a development contract valued at about $20 billion. Boeing beat Northrop Grumman for the award, which covers development and test aircraft and could expand to hundreds of billions as production ramps up. The contract strengthens Boeing’s defense backlog and adds work to its St. Louis facilities, while Northrop Grumman’s shares fell on the news.
Why it matters
Boeing’s stock rose roughly 2.3% in extended trading, reflecting investor optimism about the long‑term revenue stream from the program. Northrop Grumman’s shares dropped about 3.5% as it lost the contract. The award adds a major new source of defense revenue to Boeing’s backlog, which already stands at $715 billion.
Key facts
- 1The contract is valued at about $20 billion for development and test aircraft. turkiyetoday.com
- 2Boeing beat Northrop Grumman for the award. turkiyetoday.com
- 3First production F/A‑XX aircraft are expected in the 2030s. turkiyetoday.com
- 4Congress allocated $750 million in 2025 and $1.4 billion for fiscal 2026 to the program. turkiyetoday.com
- 5Boeing’s shares rose 2.25% in extended trading after the announcement. turkiyetoday.com
- 6Northrop Grumman’s shares fell 3.5% in extended trading after the announcement. turkiyetoday.com
Summary written by AlphAI from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.