Boeing Just Won Another Fighter Contract. This One's Worth $20 Billion.
Lockheed Martin owned fifth-generation fighter jets. The sixth generation, however, belongs to Boeing.
Boeing has secured another major contract worth an estimated $20 billion for the development of its newest stealth aircraft, the F-47, a sixth-generation fighter jet. This comes after a decade-long period where the company's defense unit struggled to secure fighter contracts against competitors. The U.S. Air Force's recent award of an exclusive contract to Boeing for the F-47 development marks a significant turnaround for the company, with the potential for tens of billions more in earnings from actual production.
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