Boeing secures $20 billion contract to build next-generation fighter jet
03/29/25, 10:53 PM
Money
$20 billion
Industry
aerospace
Type
contract
Boeing has won a $20 billion contract to build the next generation of fighter planes, potentially bringing thousands of jobs to the St. Louis region and securing the future of the defense industry. The company's presence in the region will be reinforced, and the contract is expected to bring years of work and hundreds, if not thousands, of jobs.
Company Info
Additional Info
The Boeing Co. is a venerable aerospace giant that has been in the throes of a multi-year crisis of confidence. It has been facing challenges due to the revelation of cutting corners in an effort to curb costs and boost the profitability of its new 737 MAX 8 aircraft, leading to catastrophic software issues and fatal commercial plane crashes.