Newsig · MarketWatch
Boeing was at risk of losing all fighter-jet production altogether. Now the stock is up on a new Navy contract.
Shares in the aerospace company rose close to 3% in premarket trading on Wednesday after the U.S. Navy selected it to develop its next-generation fighter jet.
Why it matters
BA (Boeing) · Why linked: The U.S. Navy selected Boeing to develop its next-generation fighter jet, lifting the stock nearly 3% premarket. Market context: Boeing shares rose roughly 3% on the Navy contract win, reducing prior fears of losing all fighter-jet production.
LMT (Lockheed Martin) · Why linked: Lockheed is Boeing's main rival in U.S. military fighter-jet programs and could see competitive pressure. Market context: Lockheed may face increased competition as Boeing secures a foothold in the next-generation Navy fighter program.
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