President Donald Trump announced the Pentagon’s decision to move forward with a next-generation fighter jet titled F-47 on Friday in joint remarks alongside Secretary of Defense Pete Hegseth from the Oval Office.

WASHINGTON (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.

Boeing will spearhead development of the U.S. Air Force's futuristic fighter and drone coordinator, the F-47, following a secretive competition and fits and starts within the service. Why it matters: The Next Generation Air Dominance (NGAD) effort is meant to succeed the F-22 and be a linchpin for collaborative combat aircraft (CCA).