Pentagon, Lockheed Announce Deal for 850 F-35 Jets over 10 Years
- On Thursday, Lockheed Martin signed an initial production and sustainment agreement with the Department of Defense for 850 F-35 Lightning fighter jets over 10 years.
- This long-term arrangement, which President Donald Trump refers to as the Department of War, establishes a framework rather than a firm order, aiming to stabilize annual production at 156 aircraft.
- Lockheed Martin projects the program will support 317,000 jobs and generate approximately $79 billion in annual economic activity, with the F-35 forming 40% of the aeronautics division revenue.
- Arlington-Based Lockheed announced that international orders and initial spares are included in the agreement, as the program benefits from increased global defense spending amid ongoing conflicts.
- The F-35 Joint Program Office will work with Lockheed to finalize contract terms, pricing, and schedules, requiring multiyear authority and appropriations in the coming months.
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New framework agreement includes 850 F-35 Lightning II aircraft for US military, hundreds more for international customers
The Korea Times
Pentagon, Lockheed announce deal for 850 F-35 jets over 10 years
WASHINGTON — The Pentagon and Lockheed Martin announced on Thursday a 10-year agreement for the production of 850 F-35 jets. The "framework agreement," which the Pentagon said would "modernize and expand" the fighter jet program, requires the approval of Congress.
The US government will purchase at least 850 F-35 fighter jets from Lockheed Martin over the next ten years. This is stated in an agreement in principle between the Department of Defense and the American manufacturer of military equipment.
The Pentagon and Lockheed Martin announced a 10-year agreement on Thursday to produce 850 F-35 fighter jets.
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