Boeing jumps, Lockheed dives on news of jet fighter contracts

Boeing stock popped after Reuters reported that it beat out Lockheed Martin for a contract to build the US Air Force’s Next Generation Air Dominance, its most sophisticated fighter jet.

The new jet will replace Loc’s F-22 Raptor. Boeing is up more than 12% this week on the announcement and forecasts of better-than-expected deliveries for passenger planes.