• News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Monday, June 2, 2025
  • Login
Auto Journal Africa
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Ask Autojorunal AI
No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
No Result
View All Result
Morning News
No Result
View All Result
Home Read a ride Aerospace

Boeing lands lifeline with $20bn US Air Force contract for new fighter jet

David Ijaseun by David Ijaseun
March 22, 2025
in Aerospace, News
0
fighter jet
1.1k
SHARES
12.8k
VIEWS
Share on FacebookShare on Twitter

Boeing has secured a $20 billion contract to build America’s next-generation fighter jet, the F-47, offering a much-needed turnaround for the aerospace company after years of setbacks.

The deal, announced by President Donald Trump at the White House, will see Boeing develop the U.S. Air Force’s new sixth-generation stealth fighter under the Next Generation Air Dominance (NGAD) programme. It marks a significant blow to rival Lockheed Martin, which lost out on the contract amid delays in upgrading its flagship F-35.

READ ALSO

Safe Return: The new tech making single-pilot flights safer than ever

Passengers face steep penalties as Hawaiian Airlines tightens “no-show policy”

For Boeing, the win provides a morale and financial boost after a turbulent year that included an $11.8 billion annual loss, production issues with its 737 MAX jet, and cost overruns on other defence contracts. Shares in Boeing rose by 5% following the announcement, while Lockheed’s stock fell nearly 7%.

President Trump, the 47th President of the United States, revealed the aircraft will be named the F-47 and described it as a “vital part of America’s future air superiority.” He hinted at potential foreign sales, saying, “Our allies are calling constantly. They want to buy them also.”

A Fresh Start for Boeing

The contract is part of the U.S. Air Force’s NGAD initiative, aimed at countering future threats from adversaries like China and Russia. The F-47 will be designed to operate alongside drones, offering longer range, improved stealth, and cutting-edge avionics over its predecessor, the F-22 Raptor.

General David Allvin, Chief of Staff of the Air Force, said the F-47 will be more affordable and flexible than the F-22. “It’s more adaptable to evolving threats, with a longer lifespan and advanced support systems,” he added.

Boeing’s defence lead, Steve Parker, called it “the most significant investment in the history of our defence business,” noting the firm has spent years preparing for this opportunity.

Lockheed faces setback amid F-35 delays

Lockheed Martin, headquartered in Maryland, acknowledged the loss but expressed confidence in its proposed solution. The company has faced growing Pentagon frustration over repeated F-35 upgrade delays and was recently excluded from another major Navy stealth fighter competition.

While Lockheed could still challenge the decision, Trump’s public endorsement may reduce the chances of a formal protest. The president’s backing, delivered in a high-profile setting, signals strong government support for Boeing’s role.

The F-47 contract is expected to generate hundreds of billions of dollars in orders over its multi-decade lifecycle, reshaping the balance in the defence aviation industry.

Senator Mark Kelly congratulated Boeing but warned, “This programme demands strict oversight to prevent the budget overruns and delays that have plagued past defence projects.”

Meanwhile, Elon Musk, billionaire entrepreneur and presidential adviser, questioned the decision to invest in high-end crewed aircraft, advocating instead for affordable, autonomous drones.

Read more on Dassaul’s elite fleet: Here are the best jets for luxury and power

Tags: Boeingfighter jetsHeadlineLockheed

Related Posts

Safe Return: The new tech making single-pilot flights safer than ever
Aerospace

Safe Return: The new tech making single-pilot flights safer than ever

May 24, 2025
Hawaiian Airlines
Aerospace

Passengers face steep penalties as Hawaiian Airlines tightens “no-show policy”

May 24, 2025
Bombardier jets
Aerospace

Bombardier Global 8000 completes first flight as fastest civil jet nears delivery

May 24, 2025
BYD Dolphin Surf EV
Electric Vehicles

China’s BYD disrupts Europe’s EV market with sub-€20,000 Dolphin Surf

May 22, 2025
Mansory’s Bonkers convertible G-Wagen makes 820 HP and ditches the roof
News

Mansory’s Bonkers convertible G-Wagen makes 820 HP and ditches the roof

May 20, 2025
South Africa offers Tesla tariff deal to secure U.S. trade, Starlink access
Africa

South Africa offers Tesla tariff deal to secure U.S. trade, Starlink access

May 20, 2025
Next Post
Elon Musk Tesla CEO

$8bn bet: Why retail investors are sticking with Tesla

POPULAR NEWS

Inferno at Toyota 1000 Desert Race consumes 49 cars

Inferno at Toyota 1000 Desert Race consumes 49 cars

July 3, 2023
Mobius Motors

Mobius Motors: Rising taxes, competition ends Kenyan SUV maker’s journey

August 7, 2024
Autojournal car race

Get ready for the biggest RACE show this December in Nigeria

August 12, 2024
From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

October 25, 2024
Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

August 22, 2023

EDITOR'S PICK

Toyota Industries

Investors speculate as Toyota Industries’ shares hits record highs

April 28, 2025
China car export

US to increase tariffs on Chinese imports starting August 1

May 22, 2024
cars sales

Why a court’s decision could cost car buyers in U.S. $3.4bn annually

January 28, 2025
1915 Canakkale Bridge

Bridging continents: The $2.7 billion 1915 Çanakkale bridge unites Europe and Asia

February 23, 2024

About

Auto Journal Africa is the leading online and print magazine for automobiles in Africa.

Follow us

Recent Posts

  • Toyota transforms RAV4 into all-hybrid SUV starting 2026
  • BMW reveals next-gen superbike concept with 230hp and carbon winglets
  • Tesla loses ground in Europe as EV rivals surge amid cooling sentiment over Model Y
  • Xiaomi rides high on Q1 boom, profits surge 65%

Links

  • Privacy Policy
  • About Us
  • Contact Us
  • News
  • Reviews
  • Events
  • Tools
  • For Sale

© 2023 Auto Journal

No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa

© 2023 Auto Journal

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In