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Maritime service branch of the U.S. military
The United States Navy (USN) is the maritime service branch of the United States Armed Forces and is designated as the navy of the United States in the Constitution. With 290 combat vessels, it is the world's second largest navy, behind the People's Liberation Army Navy, and by far the largest by displacement, at 4.5 million tons in 2021. It has the world's largest aircraft carrier fleet, with eleven in service, one undergoing trials, two new carriers under construction, and six other carriers planned as of 2024.
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Boeing Co.(BA) on Tuesday bagged a military defense contract valued at more than $20 billion, beating rival defense contractor Northrop Grumman (NOC) to build the U.S. Navy’s next-generation carrier-based fighter jet.
Boeing won the $20B US Navy F/A-XX stealth fighter contract, beating Northrop Grumman. Here’s what it means for Boeing stock.
Boeing on Tuesday won another significant DoD contract. The Navy selected Boeing to produce the sixth-gen F/A-XX fighter.