Boeing Shares Jump on $20 Billion Navy Fighter Jet Contract

This article first appeared on GuruFocus. Boeing (NYSE:BA) shares climbed 3% in early Wednesday after the U.S. Navy selected the aerospace company to develop its next-generation F/A-XX carrier fighter, adding a major defense program to its portfolio. The award is valued at more than $20 billion. The program covers full-scale development and includes test aircraft for evaluating the jet's systems, weapons and flight performance. Boeing beat Northrop Grumman for the contract, while Lockheed Martin was eliminated from the competition in 2025. Warning! GuruFocus has detected 2 Warning Signs with BA. Is BA fairly valued? Test your thesis with our free DCF calculator.