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Investor's Business Daily

17d ago

Business

Business & Economics

Boeing wins $20 billion contract to develop sixth-generation fighter jets

Investor's Business Daily
Summary
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65% Informative

President Donald Trump awarded Boeing an estimated $20 billion contract to develop a sixth -generation of fighter jets.

Boeing stock swung higher on the news. Rival Lockheed Martin , the loser in the deal, sold off.

The award provides a much-needed boost for Boeing , which could potentially receive hundreds of billions worth of orders over the multi-decade lifetime of the contract.

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