The Pentagon signs a multi-billion-dollar contract for 850 F-35 jets over ten years, pending Congressional approval.
Pentagon signs F-35 contract
The Pentagon has signed a multi-billion-dollar contract with Lockheed Martin for the delivery of 850 F-35 fighter jets over ten years, though the agreement requires Congressional approval. Congressional approval needed
The framework agreement, finalized on October 22, outlines the supply of at least 850 stealth fighter-bombers, but Congress must also approve the funding for the program, according to the Department of Defense. Production and maintenance details
The agreement guarantees a minimum of 850 aircraft over ten years, along with spare parts, equipment for upgrades, and maintenance for the entire F-35 fleet, as stated in the Pentagon’s official statement. Lockheed Martin’s investment
In exchange for the ten-year commitment, Lockheed Martin will invest at least $7 billion in initiatives aimed at improving the industrial and logistical capabilities of the F-35 program, according to the Department of Defense. Production rate confirmed
Lockheed Martin stated that the agreement ensures a continuous production rate of 156 aircraft per year, as confirmed in a separate statement from the company.
