Summary and Key Points You Need To Know: The Lockheed Martin F-22 Raptor, the first fifth-generation fighter jet, is renowned for its stealth, supermaneuverability, and supercruise capabilities.

“We think we can get most of the way to sixth-gen at half the cost,” Lockheed Martin CEO Jim Caiclet said. Can the F-22 Raptor and F-35 Lightning II—commonly regarded as two of the greatest ...