1. Boeing's win of the US Air Force NGAD contract is significant, marking its first clean-sheet fighter jet design, estimated to be worth more than $300 billion; 2. The NGAD program includes two distinct fighter jets for the US Air Force and Navy, avoiding past complexities seen with the F-35's commonality approach; 3. Northrop Grumman, with its historical expertise and current success in digital engineering, is well positioned to win the F/A-XX contract, revitalizing its fighter jet capabilities.