Boeing Secures Major Fighter Contracts and NASA Starliner Deals

Boeing Defense has secured two major contracts for sixth-generation fighter aircraft, marking a significant comeback for the company's defense sector. In March 2025, the U.S. Air Force awarded Boeing an exclusive contract to develop the F-47 stealth fighter, with projected revenues ranging from $20 billion to $50 billion. This contract follows a four-year period of losses for Boeing's defense, space, and security division, which has now returned to profitability.

In July 2025, Boeing won another contract from the U.S. Navy for the F/A-XX fighter-bomber, valued at $20 billion. This aircraft is designed to replace the F/A-18 Super Hornet, further cementing Boeing's dominance in the sixth-generation fighter market. As the sole supplier for both the Air Force and Navy, Boeing is expected to produce over 370 aircraft, which could eliminate price competition and put pressure on rivals like Lockheed Martin and Northrop Grumman.

Analysts predict sustainable profits for Boeing's defense division by 2027, ensuring decades of profitability from these contracts. Additionally, Jefferies analyst Sheila Kahyaoglu maintained a Buy rating on Boeing with a $265 price target, citing the FAA's determination that a software glitch in the 737 Max 10 does not pose a safety risk. This decision allows the Max 10 to be certified prior to year-end with first delivery in 2027.

Boeing's recent success extends beyond fighter aircraft. NASA has contracted Boeing for at least five more Starliner flights, including an uncrewed test flight expected in late 2026 or early 2027, followed by a crewed flight in mid-2028. NASA will pay Boeing an additional $359 million to address technical issues with Starliner, bringing the total investment in the program to $5.5 billion.