Aircraft manufacturer Boeing rose before the market on Wednesday, following an agreement reached with the U.S. Pentagon and the U.S. Navy to develop the next generation of fighter jets.

The U.S. Department of Defense stated that this contract, worth over $20 billion, will be used over a long period to build its sixth-generation F/ A-XX fighter jets. The F/ A-XX is intended to replace the Navy's existing fleet of F/ A-18 “Hornet” fighter jets.

Boeing stated in another statement that this fighter jet will advance open mission system architecture, advanced mission systems, as well as combat range and capabilities. Boeing's shares rose by 2.8% most recently.

Michael P. Duffy, the Under Secretary of Defense for Procurement and Logistics of the United States, stated in a statement: "F/ A-XX is a key pillar in our commitment to maintaining peace through strength. F/ A-XX will dominate contested airspace, expand the scope of operations, and bring decisive combat advantages to our troops."

This marks the second high-profile contract for sixth-generation fighter jets that the company has secured within a year. Previously, in 2025, the United States Air Force chose Boeing to develop its F-47 fighter jets.

In addition, Boeing recently disclosed that some 737 Max 10 aircraft have software failures that may affect certain landing procedures, which led the Federal Aviation Administration (FAA) in the United States to postpone the certification of this model on Monday.

FAA Administrator Brian Bedford said at a press conference on air traffic modernization held in Washington on Monday, "We have not yet reached a conclusion as to whether this constitutes a flight safety issue, but until we are certain that there is no problem, we will postpone the certification of the Model 10 aircraft."