Why Jim Cramer isn’t buying more Boeing despite its huge Navy contract win


Source: cnbc.com cnbc.com
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Boeing iced out a rival to win big business from the Navy. But there are lingering issues keeping Jim Cramer from shelling out more cash on the position. The Department of Defense announced late Tuesday that Boeing won the contract to produce a sixth-generation fighter jet for the Navy, beating out Northrop Grumman for the deal, valued at more than $20 billion. The new program — known as the F/A-XX Strike Fighter — will eventually replace the Navy’s fleet of F/A-18 Super Hornets jets, including the Growler variant. Boeing is the Super Hornet manufacturer. The delivery of the F/A-XX Strike…

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