Exclusive: Boeing wins $9.2 billion contract for new Air force training jet - U.S. official

A Boeing logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) at Geneva Airport, Switzerland, on May 28, 2018. Denis Balibouse/Reuters

Boeing Co was selected to build the U.S. Air Force’s next training jet in a contract worth up to $9.2 billion over the life of the program, the Air Force said on Sept. 27.

Boeing teamed up with Sweden’s Saab to develop a new plane for the competition, beating out Lockheed Martin Corp and Leonardo DRS.