Key Points The U.S. Navy awarded Boeing $552 million to build and deliver MQ-25A Stingray drones. Part of the contract price will cover advance purchases of parts to build three additional Stingray drones. The contract envisions a purchase price per drone 10% below initial estimates. 10 stocks we like better than Boeing › It's been nearly a decade since Boeing (NYSE: BA) won the Navy's competition to design a new drone that can launch from (and land back on) an aircraft carrier. The drone in question, the MQ-25A Stingray, isn't a fighter jet -- it actually carries no weapons at all. Instead, it's a drone refueling tanker, designed to keep piloted fighter jets gassed up so they can reach targets at greater distances.
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