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Boeing's stock is up today after winning a $20 billion contract from the Pentagon.

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Boeing won a Navy fighter-development contract worth more than $20 billion, adding to its role in both U.S. next-generation jet programs. Engineering and supply delays remain, and larger future sales depend on production and foreign buyers, but the awarded contract makes the story positive for Boeing.

BA · Boeing Co.

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The award gives Boeing a major role in the Navy’s future fighter program, alongside its Air Force program. Engineering and supply problems have delayed the Navy program, and a much larger future value depends on production and foreign buyers. Still, Boeing has won the contract, so those concerns do not outweigh the new work.

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