This article first appeared on GuruFocus. Boeing (BA, Financials) won a contract valued at more than $20 billion, beating over Northrop Grumman in a long-anticipated battle to build the U.S. Navy's next-generation fighter jet.The Wall Street Journal reported Wednesday that the Navy granted Boeing a contract to manufacture the aircraft. Boeing shares rose more than 3% in premarket trade on the news.The only other business vying for the deal, Northrop Grumman, swung significantly in the opposite way. Shares plunged more than 3% before markets opened.The contrasting stock changes highlight the enormity of the prize for both defense firms.The contract adds a key military aircraft program to Boeing, whose overall recovery is being examined by investors.
Nous affichons publiquement l'idee principale. Creez un compte gratuit pour lire l'article complet, l'enregistrer, le commenter et le relier au contexte marches et OSINT.