President Donald Trump chose the aerospace giant to build the next generation of aviation control platforms.
Boeing took a break this week with two good news that sent its stock price over 10% over the past five days.
The US Air Force selected the aerospace giant on Friday to build and deliver the next fighter jet suite, defeating other top aerospace companies, namely Lockheed Martin. According to the President, the next generation of air control (NGAD) platforms are not in line with other countries Donald Trump.
“The F-47 will be the most advanced, most capable and deadly aircraft ever built. The experimental version of the plane has been secretly flying for almost five years, and I am sure it has overwhelmed the capabilities of other countries.”
Boeing announces that it will build the next-generation F-47 US fighter jet
The rendering shows the F-47, the Air Force’s sixth generation fighter jet. This will be built by Boeing. (US Air Force Graphics/Fox News)
The program is intended to replace Lockheed Martin’s F-22 Raptor. Lockheed shares fell 5.7% that week.
The value of the contract has not been revealed.
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| ba | Boeing Co. | 136.63 | -14.28 |
-9.46% |
| LMT | Lockheed Martin Inc. | 432.16 | -22.61 |
-4.97% |
“We recognize the importance of designing, building and implementing the combat capabilities of the sixth generation of the US Air Force. In preparation for this mission, we have made the most important investment in the history of our defense operations.
Boeing CEO says masks will help speed up delayed air forces in one jet
other Boeing Jet Includes modified versions of the 747 used as F/A-18, F-15 Eagle, B-52 Stratofortress, and Air Force One.
The deal is welcome news from Boeing, struggling to investigate federal government issues on quality control issues. January 2024, The door plug exploded Of Alaska Airlines’ Boeing 737 Max 9, it spurred the headwind domino effect, including several whistleblowers who spoke about manufacturing and safety lapses.
The door-sized section near the rear of the Boeing 737 Max 9 plane was blown away 10 minutes later on the way from Portland, Oregon to Ontario, California, Alaska Airlines Flight 1282 on January 5th. (NTSB via Getty Images/Getty Images)
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| alk | Alaska Air Group Inc. | 44.49 | -1.42 |
-3.09% |
Two months later, CEO Dave Calhoun announced his intention to resign at the end of 2024. Replaced by Kelly Ortberg August.
Boeing CEO Kelly Autoberg took over in August 2024 and replaced Dave Calhoun. (Getty Images/Daniel Acker via Getty Images/Bloomberg)
Boeing’s second victory was provided by Chief Financial Officer Brian West. Brian West told investors on Wednesday that the company’s cash flow was improving.
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“And free cash flow is less working capital drugs, so closing the quarter could improve, and cash flow in the hundreds of millions could improve. So I think we’re off to a good start to the year.”
“This year’s Boeing has always been about safety, quality and stability, and so far, we’ve got a pretty good start on all three aspects.”
