the Navy's F/A-XX fighter award
The US Navy chose Boeing over Northrop Grumman to build its next carrier fighter, after the Air Force picked Boeing for its own new fighter last year. Boeing now holds both of America's next-generation fighter programmes, while Northrop loses a large source of future work, which favours Boeing over Northrop.
What changed
We raised our expected return for The Boeing, and lowered it for Northrop Grumman.
| Symbol | Without it | With it | Change |
|---|---|---|---|
| The BoeingBA | 7.37% | 8.16% | +0.79pp |
| Northrop GrummanNOC | 5.84% | 5.49% | −0.36pp |
Each stock as it stands now, and without this story. Figures are annual expected returns (arithmetic means). They are not a forecast or a promise.