On September 30, Boeing rose 3.09% in pre-market trading. The rally was driven by the announcement that the U.S. Department of Defense has selected Boeing to design, build, and deliver the F/A-XX, the Navy's sixth-generation stealth fighter, under a contract valued at approximately $20 billion.

Boeing beat rival Northrop Grumman to secure the multibillion-dollar development contract, which covers research, development, and production of test aircraft. The F/A-XX is designed to replace the Navy's aging F/A-18 Super Hornet fleet. Notably, Boeing was also selected to build the U.S. Air Force's F-47 sixth-generation fighter program last year, marking back-to-back wins on two landmark sixth-generation fighter contracts and significantly reinforcing its defense segment growth outlook.

Following the announcement, Northrop Grumman shares fell more than 3% in after-hours trading, reflecting a clear shift in competitive positioning. Boeing's defense portfolio now anchors both the Air Force and Navy next-generation fighter programs, strengthening its long-term revenue visibility in the Defense, Space and Security segment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)