The Grumman XP-50 was a land-based development of the shipboard XF5F-1 Skyrocket fighter, entered into a United States Army Air Corps (USAAC) contest for a twin-engine heavy interceptor aircraft.

[2] The XP-50 design was similar to that of the XF5F-1 with modifications to the fuselage nose to house the nose-wheel of the tricycle landing gear and provisions for self-sealing fuel tanks and pilot armor.

The test pilot Robert Hall bailed out while the XP-50 plunged into Smithtown Bay in Long Island Sound.

[1] Based upon experience with the XF5F-1 and the XP-50, Grumman had begun work on a more advanced fighter, designated model G-51.

Since the U.S. Navy considered Grumman one of its major production sources and that producing two different model aircraft by Grumman would impede manufacture of aircraft types the U.S. Navy needed, it was decided that development of the XF7F-1 would continue, and the XP-65 as a parallel development was abandoned.