Boeing shares climbed 2% during Wednesday premarket hours after the US Navy awarded the aerospace giant a contract worth more than $20 billion to develop its sixth-generation F/A-XX fighter, potentially offering a considerable boost to the company's defence business.
The contract covers the full-scale development phase of the Navy's F/A-XX Strike Fighter under the Next Generation Air Dominance (NGAD) programme. It includes multiple test aircraft for ground, airworthiness, systems, and weapons integration testing.
