Trump picks Boeing over Lockheed for fighter jet contract

21 March 2025, 8:09 am

1 min read

U.S. President Donald Trump delivers remarks, as an image of an F-47 sixth-generation fighter jet is displayed, in the Oval Office at the White House, in Washington, D.C., U.S., March 21, 2025. REUTERS/Carlos Barria

Reuters was first to report on Friday that U.S. President Donald Trump awarded Boeing a contract to build the U.S. Air Force’s most sophisticated fighter jet yet, the next generation F-47. Boeing shares rose 5% on the news from Reuters, while shares of Lockheed, which was the other competitor for the contract, fell nearly 7%. For Boeing, the win marks a reversal of fortune for a company that has struggled on both the commercial and defense sides of its business. For Lockheed it was yet another disappointment for its fighter jet business.