President Donald Trump has selected the aerospace giant to build the new generation air domination platform, which, according to him, will be the deadliest plane ever built.
Boeing has taken a break this week with two good news that sent its stock more than 10% in the last five days.
Friday, the US Air Force selected the aerospace giant to build and deliver its next continuation of fighter planes, beating other best aerospace companies, namely Lockheed Martin. The new generation air dominance platform (NGAD) is something that no other country can match, according to the president Donald Trump.
“The F-47 will be the most advanced, the most capable and the most deadly planes ever built. An experimental version of the plane has secretly stolen for almost five years, and we are convinced that it is massively exceeding the capacities of any other nation,” said Trump while announcing the contract with the defense secretary Pete Hegseth.
Boeing to build a new generation American fighter, announces Trump
A rendering shows the fighter of the sixth generation of the Air Force, the F-47, which will be built by Boeing. (Us Air Force Graphic / Fox News)
The program is intended to replace the Raptor F-22 of Lockheed Martin. Lockheed’s shares fell 5.7% for the week.
The value of the contract has not been disclosed.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| Ba | The Boeing Co. | 178.10 | +5.28 |
+ 3.06% |
| Lmt | Lockheed Martin Corp. | 439.83 | -26.57 |
-5.70% |
“We recognize the importance of designing, building and providing a sixth -generation fighter capacity for the United States Air Force. In preparation for this mission, we have made the most important investment in the history of our defense activity, and we are ready to provide the most advanced and innovative NGAD, the NGAD planes necessary to support the mission,” said Steve Parker, Interim President and CEO Defense, Space and Security.
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Other Boeing Jets Include the F / A-18, F-15 EAGLE, the Stratotortress B-52 and a modified version of the 747 which is used as Air Force One.
The contract is welcome for Boeing, who has trouble with a federal survey on quality control problems. In January 2024, A door cap exploded From an Alaska Airlines Boeing 737 Max 9, which prompted a domino effect of the opposite winds, including several denunciators who have spoken of manufacturing and safety towers.
A section of the size of a door near the back of the Boeing 737 Max 9 plane exploded 10 minutes after Alaska Airlines’ flight 1282 took off from Portland, Oregon, January 5 on the road to Ontario, California. (NTSB via Getty Images / Getty Images)
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| ALC | Alaska Air Group inc. | 52.81 | -0.06 |
-0.11% |
Two months later, CEO Dave Calhoun announced his intention to resign at the end of 2024. He was Replaced by Kelly Ortberg in August.
Boeing CEO Kelly Ortberg took over in August 2024, replacing Dave Calhoun. (Daniel Acker / Bloomberg via Getty Images / Getty Images)
The second victory for Boeing was delivered by the financial director Brian West, who told investors on Wednesday that the company’s cash flows improved.
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“And then the available cash flows, we see less trail of working funds. So it could be better when we close the quarter, and it could be in the hundreds of millions of cash flows. So we think we are off to a good start,” West said during a presentation at the Bank of America Global Industrials.
“Boeing for this year was always going to be on safety, quality and stability. And, so far, we are talking about a fairly good start on the three dimensions.”
