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Boeing Secures $20 Billion Pentagon Contract for Next-Generation Fighter Jet

The NGAD program advances with Boeing's selection to develop a sixth-generation fighter designed to counter China and Russia.

FILE - The Boeing logo is displayed at the company's factory, Sept. 24, 2024, in Renton, Wash. (AP Photo/Lindsey Wasson, File)
FILE - The B-21 Raider stealth bomber is unveiled at Northrop Grumman, Dec. 2, 2022, in Palmdale, Calif. (AP Photo/Marcio Jose Sanchez, File)
A U.S. Pacific Air Force F-22 Raptor performs an aerial display during a media preview of the Singapore Airshow in Singapore February 9, 2020. REUTERS/Edgar Su/File Photo
A Boeing logo is seen at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 18, 2023. REUTERS/Benoit Tessier/File Photo

Overview

  • The U.S. Air Force's Next Generation Air Dominance (NGAD) program will replace the F-22 Raptor with a sixth-generation fighter jet designed to operate alongside drones.
  • Boeing was awarded the $20 billion initial contract, solidifying its role in the program and providing a boost to its defense business.
  • The NGAD initiative aims to maintain U.S. air superiority against near-peer adversaries like China and Russia through advanced stealth, AI, and automation.
  • The program faced delays and budgetary challenges in 2024 but regained momentum under President Donald Trump's administration.
  • The lifetime value of the NGAD program is expected to reach hundreds of billions of dollars, marking a significant milestone for Boeing and the U.S. defense industry.