Boeing CEO says F-47 and F/A-XX awards lift defense growth and investment outlook

Boeing told investors that its selections for the U.S. Air Force F-47 and U.S. Navy F/A-XX fighter programs are improving the growth outlook for its defense business. The company expects to invest further in the Navy program and says it is paying closer attention to contract terms after difficulties on earlier fixed-price development work. These awards concern future-generation combat-aircraft development and industrial preparation, rather than an announced operational fleet of either type. Boeing's earnings comments describe its expectations and planned spending; future production volumes, delivery schedules and resulting revenue remain subject to program execution and later orders.