Boeing has been awarded the contract to build the U.S. Air Force's most sophisticated fighter jet yet, dubbed the F-47, beating out competition from Lockheed Martin for a program worth more than $20 billion.

U.S. President Donald Trump will personally announce the Pentagon's decision on a next-generation fighter jet contract worth at least $20 billion as soon as Friday, despite concerns about budget constraints and shifting priorities,

The Air Force made the F-47 advanced sixth-generation stealth fighter jet public on Friday, speaking with President Trump in the Oval Office an announcing that Boeing beat out Lockheed Martin for the contract to build it.