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Event Brief

Navy raises price ceiling for new trainer jet

The Navy updated the price ceiling for its new trainer jet to $2.7 billion.
WHO: U.S. Navy
WHAT: Updated the price ceiling for a new trainer jet to $2.7 billion (from about $1.8 billion).
WHEN: Jun 5, 2026 at 12:48 PM ET
WHERE: USA
WHY: The Navy updated the price ceiling in May.

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