Boeing beat Lockheed Martin to build the Pentagon's new fighter jet! Learn about this huge deal and what it means for Boeing, the military, and the Trump administration.
Boeing's Big Win: A New Fighter Jet
Boeing just won a huge contract to build the Pentagon's next fighter jet, beating out its main rival, Lockheed Martin. This is great news for Boeing, especially its defense part of the business. But it also has interesting connections to the Trump administration.
What's the New Fighter Jet?
The Pentagon wants a new jet, the F-47, to replace the F-22 (made by Lockheed). The F-47 will work with new, smart drones. The cost isn't public yet.
Why is this a Big Deal for Boeing?
Money: Boeing's defense business hasn't been making much money. This contract will help a lot.
Competition: Beating Lockheed Martin is a huge win.
Trump: Boeing has had problems with the Trump administration in the past. This might improve things.
Stock Market Reaction
The news sent Boeing's stock price up and Lockheed's stock price down. This shows how important this contract is.
What Happens Next?
We'll have to wait and see how this new jet will be designed and how much it will cost. This contract is a big step for the future of military technology.
Source: wsj.com
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