Boeing to build next-generation fighter jet for US Air Force

U.S. President Donald Trump on Friday announced the award of the contract for the development of the U.S. Air Force's next-generation fighter jet to Boeing.

Trump said in the Oval Office that the F-47 fighter jet "will be the most advanced, most capable, most lethal aircraft ever built." Trump claimed that the F-47 is "the world's first sixth generation fighter jet" in a video posted by the White House on X platform.

The Engineering and Manufacturing Development contract for the program is expected to be worth approximately 20 billion U.S. dollars, although, across the life of the program, Boeing is in line to receive hundreds of billions of dollars in orders, The War Zone, a defense-analysis website, reported. Each copy of the jet has been estimated in the past to cost upwards of 300 million dollars, said the report.