The US Navy is expected to announce this week the winner of the contract to build its next-generation carrier-based stealth fighter under the F/A-XX program, Reuters reported Tuesday, citing people familiar with the decision.

The contract would be worth single-digit billions of dollars in the short term, with the potential for hundreds of billions over the next few decades, the report said.

Boeing (BA), Lockheed Martin (LMT), and Northrop Grumman (NOC) had submitted detailed proposals and prototypes for evaluation, the report said.

The US Navy did not respond to MT Newswires' request for comment.

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