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.

Not so long ago, the F-35 fighter jet was the hottest ticket in the international arms market. Though it had suffered teething pains in development, going over budget by 50 percent in its first decade,

The new F-47 fighter jet announced by President Donald Trump is said to be "the most advanced, lethal and adaptable fighter ever developed," according to Gen. David W. Allvin, Air Force chief of staff.