Boeing contracts helps rolls Royce on way or the other .

President Trump announced that Boeing has won a massive $20 billion contract to build the U.S. Air Force’s next-generation fighter jet, known as the F-47. This contract is part of the Next Generation Air Dominance (NGAD) program, which aims to replace Lockheed Martin’s F-22 Raptor. Key points about this development: 1. The initial contract is worth over $20 billion, but the total value could reach hundreds of billions of dollars over the program’s duration. 2. The F-47 fighter jet is designed to operate alongside drones, enhancing combat effectiveness. 3. Trump described the F-47 as “the most advanced, capable, and lethal aircraft ever constructed”. 4. The new fighter jet is engineered to counter the increasing prevalence of drones and other autonomous unmanned aerial systems, particularly in potential conflicts with adversaries like China and Russia. 5. Boeing’s stock rose by 4% following the announcement, while Lockheed Martin’s shares dropped nearly 7%. 6. The decision aligns with the Pentagon’s updated strategy and is seen as crucial for potential conflicts with China. This contract represents a significant win for Boeing, providing a much-needed boost to the company’s fighter jet production operations based in St. Louis, Missouri.