Boeing Secures $20 Billion Contract for U.S. Air Force Jet

President Trump awarded Boeing a $20 billion contract to develop the Next Generation Air Dominance fighter jet for the U.S. Air Force. This advanced aircraft will join combat missions alongside drones, featuring secrecy in design and innovative capabilities. The contract revives Boeing's defense sector fortunes.

In a significant military advancement, U.S. President Donald Trump has awarded Boeing a lucrative contract valued at over $20 billion. The deal commissions the aerospace giant to develop the Next Generation Air Dominance (NGAD) fighter jet for the U.S. Air Force, aiming to replace the existing F-22 Raptor.

This new aircraft, designed to operate in tandem with drones, promises cutting-edge features such as stealth technology, advanced sensors, and state-of-the-art engines. While the specific design remains under wraps, its development signifies a substantial leap in combat aviation technology.

The contract injects much-needed momentum into Boeing's St. Louis fighter jet production division, marking a turnaround from recent challenges in both its commercial and defense segments. With potential orders worth hundreds of billions, this deal solidifies Boeing's position in the defense industry for decades to come.

(With inputs from agencies.)