U.S. President Donald Trump announced on Friday,, that aerospace giant Boeing has been awarded a major defense contract to develop the F-47, the most advanced fighter jet for the U.S. Air Force.

The deal is valued at over $20 billion and aims to replace the current F-22 Raptor with a manned aircraft designed to operate in coordination with unmanned drones.

Speaking at the White House, Trump described the project as “a massive order,” without disclosing the full cost, and noted that several U.S. allies have already shown interest in purchasing the new jet. The announcement follows a report by Reuters, which revealed Boeing’s win prior to the official confirmation.

Following the news, Boeing’s stock jumped by 4%, reflecting investor confidence in the project’s strategic value and future prospects.