Lockheed, Pentagon Strike Initial Deal to Produce 850 F-35 Jets
The prearranged contract covers international orders, spares and modification kits as Lockheed seeks to keep annual output at 156 jets.
- 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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21 Articles
The Korea Times
Insider PaperPentagon, 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 Pentagon and Lockheed Martin announced a 10-year agreement on Thursday to produce 850 F-35 fighter jets.
The US Department of Defense, the Pentagon, is to order 850 F-35 aircraft to be delivered over a period of ten years.
US Agrees to Buy At Least 850 More Lockheed F-35 Fighter Jets
The Pentagon plans to buy at least 850 additional Lockheed Martin Corp. F-35 fighter jets, in what would be the biggest contract in the program’s quarter-century history that signals the stealth warplane will remain a major part of the US arsenal for many years.
Lockheed, Pentagon strike initial deal to produce 850 F-35 jets
Lockheed Martin has entered an initial production and sustainment agreement with the Department of Defense for at least 850 F-35 Lightning II fighter jets over the next 10 years, they said on Thursday.
The American Department of Defense has reached a framework agreement with Lockheed Martin to supply at least 850 F-35 fighter aircraft for 10 years. "In exchange for this 10-year commitment, Lockheed Martin will finance initiatives to support the F-35 programme on its own at a minimum cost of $7 billion. The framework agreement also guarantees a minimum supply of 850 aircraft over a 10-year period and includes the purchase of basic spare parts a…
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