U.S. PresidentΒ Donald TrumpΒ on Friday awarded BoeingΒ (BA.N), the contract to build the U.S. Air Force’s most sophisticated fighter jet, known as Next Generation Air Dominance, two sources familiar with the situation said.
The NGAD program will replace Lockheed Martin’s F-22 Raptor with a crewed aircraft built to enter combat alongside drones. The plane’s design remains a closely held secret, but would likely include stealth, advanced sensors, and cutting-edge engines.
U.S. President Donald J. Trump and Secretary of Defense Pete Hegseth have awarded Boeing the $20 billion contact for the Next Generation Air Dominance (NGAD) Program, to fully develop and produce a sixth-generation replacement for the U.S. Air Forceβs F-22 βRaptorβ Stealthβ¦ pic.twitter.com/nwGAFUdl9G
— OSINTdefender (@sentdefender) March 21, 2025
Shares of Boeing were up 5% after the news. The Seattle-based company beat out Lockheed Martin (LMT.N), for the deal, and its shares fell nearly 6%.
Both companies declined to comment ahead of announcement expected from the White House on Friday morning.
It was Boeing $BA vs Lockheed Martin $LMT for the contract pic.twitter.com/hpqihxWsQb
— Evan (@StockMKTNewz) March 21, 2025
