Boeing was at risk of losing all fighter-jet production altogether. Now the stock is up on a new Navy contract. Rendering of the Boeing F/A-XX. -0601 Shares in Boeing rose on Wednesday after the U.S.
Navy selected the aerospace company to manufacture its next-generation fighter jet. climbed almost 2% in premarket trading, with shares down overall about 14% since the start of the year. The Navy announced late Tuesday that the Arlington, Va.-headquartered company was awarded a more than $20 billion contract to build its sixth-generation F/A-XX fighter jets, intended to eventually replace the F/A-18E/F Super Hornets and the EA-18G Growlers in the 2030s. They will operate alongside Lockheed Martin’s F-35C jets. pulled out of the race last year.
Northrop Grumman’s stock declined more than 4% in premarket trading, while Lockheed Martin edged lower. Don’t Short Yourself offers weekly money tips to help you earn it, stack it and grow it. I agree to the Terms of Use, Privacy Notice and Cookie Notice.
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Air Force’s F-47 jets, the company now stands as the only provider of sixth-generation aircraft. Copyright ©2026 MarketWatch, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Tuesday was one of the most disturbing days for markets in recent memory, according to a Goldman Sachs pro He’s been badmouthing Treasury bonds since 2020, but now ‘the big fat cushion’ of 5.25% yields is turning this strategist bullish One group of funds is holding up the stock market.
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