WASHINGTON — The Pentagon selected Boeing to build the U.S. Navy's next-generation fighter jet, handing the aerospace giant a multibillion-dollar contract to develop the service's future air superiority platform and dealing a major blow to rival defense contractors.

The award, announced today, caps years of competition among Boeing, Lockheed Martin and Northrop Grumman for the Future Air Dominance Fighter program. The winner-take-all selection shifts substantial future naval aviation development and revenue to Boeing while denying Lockheed and Northrop a leading role in a program expected to drive defense spending for decades.

The contract comes as Boeing's commercial aviation business faces ongoing challenges, making the defense win a critical stabilizer for the company's bottom line. Boeing's defense division will develop advanced stealth capabilities, integrated sensor suites and next-generation propulsion systems designed to maintain U.S. Navy superiority against rival powers.

The program will support thousands of high-tech manufacturing jobs across multiple states, making the contract a prize fight on Capitol Hill. Members of the House and Senate Armed Services Committees will oversee the program's progress and budget requests as development proceeds through design, risk reduction and prototyping phases over the next five years. The Pentagon plans to request initial funding in its fiscal 2027 budget proposal, due in early 2027, which will outline timelines for design reviews, testing and early production targets.

Operational deployment is targeted for the mid-2030s.