After notching two Naval jet fighter contracts, Boeing could be turning the page

Boeing is poised to “turn the page” after winning two major US military fighter contracts, according to people familiar with the competitions. Last week’s award for the US Navy’s next-generation F/A-XX program, valued at more than $20 billion in initial development, marks Boeing’s second major fighter win following securing the Air Force’s F-47 program last year. Boeing beat Lockheed Martin and Northrop Grumman, with the Pentagon requiring common design standards to ease future upgrades. Analysts say Boeing’s financial upside hinges on contract terms, after $20.5 billion in losses on fixed-price development programs. The F-47 is expected to fly in 2028 and enter service in 2029.