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

🇺🇸 MarketWatch (US) —

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Boeing shares rose nearly 3% in premarket trading after the U.S. Navy selected the company to develop its next-generation fighter jet. The contract could help preserve Boeing’s fighter-jet production, which the company had been at risk of losing.

Shares in the aerospace company rose close to 3% in premarket trading on Wednesday after the U.S. Navy selected it to develop its next-generation fighter jet.

Security Markets Deals Boeing U.S. Navy fighter jet defense contract stock movement aircraft production

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