Boeing Wins $20B Contract for Navy's Futuristic Fighter Jet

The US Navy has awarded Boeing a $20 billion contract to develop its futuristic fighter jet, the F/A-XX. This deal comes after months of negotiations and controversy surrounding the project's fate.

Boeing bested Northrop Grumman in the competition, with Lockheed Martin previously being knocked out of the running. Executives from both Boeing and Northrop Grumman had expressed confidence in their offerings before the announcement.

The F/A-XX is expected to complement the F-35, a fifth-generation fighter jet already in use by the US military. Little has been revealed about the warplane's final design, but it will feature advanced sensors and capabilities.