Boeing won a contract to design and build the U.S.’s next-generation stealth fighter jet, beating out rival Lockheed Martin Corp. for the multibillion dollar program aimed at preparing the

Boeing scored a contract to build the Pentagon’s next-generation jet fighter, beating out rival Lockheed Martin. The deal has big implications for Boeing’s bottom line, its beleaguered defense unit and the jet maker’s strained relationship with the Trump administration.

The U.S. military awarded Boeing a key new contract to build the latest generation of jet fighters over rival Lockheed Martin. The decision is moving both stocks even as the usefulness of expensive, manned fighters is in debate as cheaper drones proliferate.