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Home›US Markets›Equities›Boeing shares rise after U.S. Navy selects it for next…

Boeing shares rise after U.S. Navy selects it for next fighter jet

The stock gained close to 3% in premarket trading after the U.S. Navy chose Boeing to develop its next-generation fighter jet.

Reported · Written up by our desk · Equities

Boeing shares rose close to 3% in premarket trading on Wednesday, after the U.S. Navy selected the aerospace company to develop its next-generation fighter jet, according to MarketWatch.

The selection means Boeing was chosen for the development effort tied to the Navy’s next fighter-jet program, driving the premarket move in its stock.

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Sources

MarketWatchBoeing was at risk of losing all fighter-jet production altogether. Now the stock is up on a new Navy contract.
MarketWatchBoeing was at risk of losing all fighter-jet production altogether. Now the stock is up on a new Navy contract.

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