The Donald Trump administration announces a major contract award to Boeing for the production of a new fighter jet

Boeing has been awarded a contract by US President Donald Trump to develop and produce the Next Generation Air Dominance (NGAD) program, a new fighter jet that will replace the Lockheed Martin F-22 Raptor. The NGAD program involves the development of a crewed aircraft designed to operate alongside drones, with the goal of penetrating China's air defenses. The initial contract is worth an estimated $20 billion and marks a significant win for Boeing, with shares of the company rising 5% after the news.