Boeing Wins Big Navy Contract for Drones

The deal, potentially worth billions of dollars, could stem declining sales at the aerospace giant’s defense arm

Boeing Co. on Thursday won a major contract to build new drones for the U.S. Navy, the first in a series of Pentagon contests that could stem declining sales at the aerospace giant’s defense arm.

The Pentagon on Thursday said it picked Boeing following a three-way competition to build new MQ-25A Stingray drones that will fly from aircraft carriers to refuel combat jets. Analysts had said the program could give the winner an advantage in developing future unmanned systems for the military.

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