Pentagon awards Boeing $20 billion contract for US Navy's next-generation fighter jets: Here's what we know

The deal is the aerospace company’s second major fighter-jet contract in a row, ending months of delays in a programme considered important to US efforts to counter China in the Pacific, Reuters reported. In March last year, Boeing was selected to build the US Air Force's new F-47 fighter jets, giving it two major sixth-generation jet contracts in consecutive years. Boeing beats rival Northrop Grumman for fighter jets contract Boeing was selected over rival Northrop Grumman Corp for the $20 billion development contract to produce the test aircraft. The programme could eventually be worth hundreds of billions of dollars as production increases and international customers potentially place orders. This story will be updated with more details.