• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
PoliticsBoeing

The U.S. government is spending $20 billion to jumpstart the Air Force’s new secret fighter jet, even though it’s still struggling to build the costly F-35

By
The Associated Press
The Associated Press
and
Tara Copp
Tara Copp
Down Arrow Button Icon
By
The Associated Press
The Associated Press
and
Tara Copp
Tara Copp
Down Arrow Button Icon
March 21, 2025, 5:01 PM ET
Boeing will build the Air Force’s future fighter jet, which the Pentagon says will have stealth and penetration capabilities that far exceed those of its current fleet and is essential in a potential conflict with China.
Boeing will build the Air Force’s future fighter jet, which the Pentagon says will have stealth and penetration capabilities that far exceed those of its current fleet and is essential in a potential conflict with China.U.S. Air Force via AP

President Donald Trump announced Friday that Boeing will build the Air Force’s future fighter jet, which the Pentagon says will have stealth and penetration capabilities that far exceed those of its current fleet and is essential in a potential conflict with China.

Recommended Video

Known as Next Generation Air Dominance, or NGAD, the manned jet will serve as quarterback to a fleet of future drone aircraft designed to be able to penetrate the air defenses of China and any other potential foes. The initial contract to proceed with production on a version for the Air Force is worth an estimated $20 billion.

The 47th president, who announced the award at the White House with Defense Secretary Pete Hegseth and Air Force leadership, said with a grin that the new fighter would be named the F-47.

Gen. David Allvin, chief of staff of the Air Force, said, “We’re going to write the next generation of modern aerial warfare with this.” And Hegseth said the future fleet “sends a very clear, direct message to our allies that we’re not going anywhere.”

Critics have questioned the cost and the necessity of the program as the Pentagon is still struggling to fully produce its current most advanced jet, the F-35, which is expected to cost taxpayers more than $1.7 trillion over its lifespan. In addition, the Pentagon’s future stealth bomber, the B-21 Raider, will have many of the same cutting edge technologies in advanced materials, AI, propulsion and stealth.

More than 1,100 F-35s have already been built for the U.S. and multiple international partners.

A fleet of about 100 future B-21 stealth bombers at an estimated total cost of at least $130 billion is also planned. The first B-21 aircraft are now in test flights.

With evolving drone and space warfare likely to be the center of any fight with China, Dan Grazier, a military procurement analyst, questions whether “another exquisite manned fighter jet really is the right platform going forward.” Grazier, director of the national security reform program at the Stimson Center, said $20 billion is “just seed money. The total costs coming down the road will be hundreds of billions of dollars.”

Few details of what the new NGAD fighter would look like have been public, although Trump said early versions have been conducting test flights for the last five years. Renderings by both Lockheed Martin and Boeing have highlighted a flat, tail-less aircraft with a sharp nose.

The selection of Boeing, which has faced intense pressure from Trump over cost overruns and program delays on Air Force One, came after an independent analysis by the Air Force, an official said on the condition of anonymity to provide additional details on the selection. The Boeing offer was still determined to be the “best overall value to the government,” the official said.

The Air Force has not specified how many aircraft will be produced. In a statement, however, Allvin said there would be more F-47s produced than F-22s, the advanced fighter jet it’s replacing. There are now about 180 F-22 fighter jets in service.

A separate Navy contract for its version of the NGAD fighter is still under competition between Northrop Grumman and Boeing.

Last year, the Biden administration’s Air Force secretary, Frank Kendall, ordered a pause on the NGAD program to review if the aircraft was still needed or if the program, which was first designed in 2018, needed to be modified to reflect the past few years of warfighting advances.

That review by think tanks and academia examined what conflict with China would look like with NGAD and then without it — and determined that NGAD was still needed. Kendall then left the decision on which firm would build the fighter jet to the incoming Trump administration, a defense official said, speaking on the condition of anonymity to provide details on the decision-making.

NGAD will bring “an entirely different level of low observability,” the official said. It will also have a much longer range than the F-35 or other current fighter jets, so it will require less refueling. A future unmanned version of NGAD also is planned as the Pentagon improves the AI for the aircraft, the official said.

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Authors
By The Associated Press
See full bioRight Arrow Button Icon
By Tara Copp
See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

Latest in Politics

Economyjerome powell
Stock futures slide while gold and silver jump after Powell investigation raises fears over the Fed’s independence
By Eva RoytburgJanuary 11, 2026
10 hours ago
EconomyFederal Reserve
DOJ probe on Powell draws swift backlash from Congress as key GOP senator says he won’t confirm anyone for the Fed until case is resolved
By Jason MaJanuary 11, 2026
10 hours ago
Economyjerome powell
Powell blasts DOJ criminal probe as attack on Fed independence. ‘Public service sometimes requires standing firm in the face of threats’
By Jason MaJanuary 11, 2026
11 hours ago
EnergyIran
Oil prices rise as bloody crackdown on Iran protests suggests Tehran fears a ‘dire security threat to the regime’ with loyalty of forces in doubt
By Jason MaJanuary 11, 2026
12 hours ago
PoliticsDonald Trump
Reference to Trump’s impeachments is removed from Smithsonian portrait display—while Clinton’s and Andrew Johnson’s still remain
By Bill Barrow, Anna Johnson and The Associated PressJanuary 11, 2026
15 hours ago
PoliticsICE
Hundreds more federal agents heading to Minnesota, Noem says
By Maria Paula Mijares Torres and BloombergJanuary 11, 2026
15 hours ago

Most Popular

placeholder alt text
Economy
Trump may be raising your taxes with his tariffs but he could actually cut inflation with them, too, SF Fed says
By Jake AngeloJanuary 6, 2026
6 days ago
placeholder alt text
AI
This CEO laid off nearly 80% of his staff because they refused to adopt AI fast enough. 2 years later, he says he'd do it again
By Nick LichtenbergJanuary 11, 2026
18 hours ago
placeholder alt text
Economy
A Supreme Court ruling that strikes down Trump's tariffs would be the fastest way to revive the stalling job market, top economist says
By Jason MaJanuary 11, 2026
16 hours ago
placeholder alt text
Economy
As U.S. debt soars past $38 trillion, the flood of corporate bonds is a growing threat to the Treasury supply
By Jason MaJanuary 10, 2026
2 days ago
placeholder alt text
Success
Gen Z are arriving to college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates
By Preston ForeJanuary 9, 2026
3 days ago
placeholder alt text
Health
Bill Gates warns the world is going 'backwards' and gives 5-year deadline before we enter a new Dark Age
By Eleanor PringleJanuary 9, 2026
3 days ago

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.