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U.S. Air Force Selects Boeing for Next-Generation Air Dominance Fighter Platform

1. Boeing awarded contract for next-gen fighter aircraft by U.S. Air Force. 2. NGAD Platform enhances fighter jet capabilities: range, survivability, lethality. 3. Significant investment made in Boeing's defense business for NGAD development. 4. Boeing's legacy includes advanced military aircraft production over nearly a century. 5. Technical details of NGAD remain classified under national security laws.

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FAQ

Why Very Bullish?

The contract for the NGAD platform enhances Boeing's defense portfolio significantly, likely increasing revenue streams, similar to past successful military contracts, such as those for the F-35 program.

How important is it?

The article pertains directly to a significant contract that influences Boeing's strategic position in military aviation, which is core to its business model.

Why Long Term?

The NGAD program is a multi-year project, with potential long-lasting effects on Boeing's defense revenue.

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, /PRNewswire/ -- The U.S. Air Force announced Boeing [NYSE: BA] has been awarded a contract to design, build and deliver its next-generation fighter aircraft.   Next-Generation Air Dominance (NGAD) Platform will usher in a new generation of United States fighter jets that brings leap-ahead capability in range, survivability, lethality and adaptability. The NGAD Platform is the central node in the NGAD Family of Systems. "We recognize the importance of designing, building and delivering a 6th-generation fighter capability for the United States Air Force. In preparation for this mission, we made the most significant investment in the history of our defense business, and we are ready to provide the most advanced and innovative NGAD aircraft needed to support the mission," said Steve Parker, interim president and chief executive officer, Boeing Defense, Space & Security. For nearly a century, Boeing has produced many of the most advanced combat aircraft for military customers around the globe including the P-51 Mustang, F-4 Phantom, F-15 Eagle, F/A-18 Hornet and EA-18G Growler, among others. The NGAD selection builds on Boeing's fighter legacy and establishes a new global standard for 6th generation capability. Further information on the NGAD Platform's technical and programmatic details remain classified under United States national security and export laws.   A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity. ContactBoeing Media Relations[email protected] SOURCE Boeing WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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