President Trump’s F-47 announcement marks a major milestone for an Air Force program that’s focused on ensuring the U.S. military maintains an edge over China.

Boeing scored a contract to build the Pentagon’s next-generation jet fighter, beating out rival Lockheed Martin. The deal has big implications for Boeing’s bottom line, its beleaguered defense unit and the jet maker’s strained relationship with the Trump administration.

The U.S. Air Force's new fighter jet was given a name that nods to Donald Trump's presidency. The jet, which will be built by Boeing, will be 'the most advanced, most capable, most lethal aircraft ever built,