Boeing is considering closing down its stealth fighter program due to decline in military budgets, cost reduction in the U.S and other European nations, Bidnessetc website reported.
Boeing will shift focus to military applications for its commercial airliners, development of drones and other military related technology.
Orders for F/A-18 jets are declining as most investments are concentrated in F-35 joint fighter striker. The F-35 is widely regarded as the future of stealth fighting, with nine countries partnering up for research and development, component manufacturing, and expense contribution. Its variants are already in the order books of different military agencies around the world.
The interest in the F-35 is expected to continue growing, given the costs associated with a development plan for such technology.
Boeing will scale down its fighter program and has cut spending by $4 billion in the last three years and is expected to add another $2 billion in the coming year.
Boeing continues to struggle to for funding for the super hornet program even though the decision is in line with reality, the report said.