Following The Money In Defense Stocks With Boeing's (NYSE: BA) F-47 $20 Billion Dollar Deal

(MENAFN- Investor Ideas) Investorideas , a top rated investment site for investment and trading ideas for cybersecurity and defense stocks issues a trading and news alert for the sector following President Trump's press conference on March 21st where he announced a contract for $20 billion awarded to Boeing (NYSE: BA ) to develop a) F-47 fighter jet "after a rigorous and thorough competition between some of America's top aerospace companies."

Boeing's stock closed up on Friday at $178.11, up $5.28, gaining 3.06% on volume of over 23 Million shares, compared to an average volume of just over 5 Million shares.

In a press release , a Statement by Chief of Staff of the Air Force Gen. David Allvin on the USAF NGAD Contract Award, said the following:

"The Next Generation Air Dominance Platform (the F-47) contract is a monumental leap forward in securing America's air superiority for decades to come. This contract reaffirms our commitment to maintaining the United States' position as the world's most dominant Air Force, under the direction and leadership of our Commander in Chief, President Trump, and Secretary of Defense Hegseth."

"With the F-47, we are not just building another fighter - we are shaping the future of warfare and putting our enemies on notice. This platform will be the most advanced, lethal, and adaptable fighter ever developed - designed to outpace, outmaneuver, and outmatch any adversary that dares to challenge our brave Airmen."

"Boeing said in its press release on Friday, "The U.S. Air Force announced Boeing [NYSE: BA ] has been awarded a contract to design, build and deliver its next-generation fighter aircraft.

Next-Generation Air Dominance (NGAD) Platform will usher in a new generation of United States fighter jets that brings leap-ahead capability in range, survivability, lethality and adaptability. The NGAD Platform is the central node in the NGAD Family of Systems.

"We recognize the importance of designing, building and delivering a 6th-generation fighter capability for the United States Air Force. In preparation for this mission, we made the most significant investment in the history of our defense business, and we are ready to provide the most advanced and innovative NGAD aircraft needed to support the mission," said Steve Parker, interim president and chief executive officer, Boeing Defense, Space & Security.

For nearly a century, Boeing has produced many of the most advanced combat aircraft for military customers around the globe including the P-51 Mustang, F-4 Phantom, F-15 Eagle, F/A-18 Hornet and EA-18G Growler, among others. The NGAD selection builds on Boeing's fighter legacy and establishes a new global standard for 6th generation capability."

Following the Boeing news , Lockheed Martin ( NYSE: LMT ) said, "Lockheed Martin continues to work to advance critical technologies to outpace emerging threats and deliver true 21st Century Security solutions to our nation's military forces. We are committed to advancing the state of the art in air dominance to ensure America has the most revolutionary systems to counter the rapidly evolving threat environment. While disappointed with this outcome, we are confident we delivered a competitive solution. We will await further discussions with the U.S. Air Force."

Lockheed Martin (NYSE: LMT ) stock was down on Friday, closing at $439.70, down $27.04 or 5.79% on volume of over 5,7 Million shares.

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