Today's stock market outlook: Firm consolidation expected, with trading likely to remain subdued after buying runs its course ahead of this week's US jobs report

The story

The US Department of Defense announced on the 29th that it would place an order with Boeing to develop the Navy's next-generation stealth fighter.

The contract will advance a plan central to countering China in the Pacific region after a delay of several months.

At a glance

ScaleContract value of approximately $20 billion

NatureWins contract to develop the US Navy's next-generation stealth fighter

TimingAnnounced on the 29th

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