Reported 1 day ago
President Donald Trump awarded Boeing a significant contract to develop the F-47 fighter jet for the U.S. Air Force, replacing the F-22 Raptor. This decision marks a rebound for Boeing amidst its struggles in commercial and defense sectors, boosting its shares while negatively affecting Lockheed Martin, which lost the deal. The F-47 project promises advanced technology and capabilities to address future threats, with an estimated contract value exceeding $20 billion.
Source: YAHOO