Boeing Wins $20 Billion US Navy Stealth Fighter Contract

A Boeing plane is displayed at the Dubai Airshow in November last year. Amr Alfiky | Reuters

The US Navy has awarded a major contract to Boeing for its next-generation stealth fighter program, capping months of delay and marking the aerospace company's second consecutive win on fighter jets.

The development contract worth $20 billion will see Boeing build test aircraft for the new fighter jet. The program is expected to grow to hundreds of billions over its lifetime as production ramps up and international customers place orders.

This marks Boeing's second major victory in a row after it was selected in March last year to build the Air Force's new stealthy F-47 fighter, giving it two marquee sixth-generation jet contracts in consecutive years.