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The Pentagon and Lockheed Martin announced on Thursday a ten-year agreement to produce 850 F-35 fighter jets. This framework agreement, expected to contribute to the modernization and expansion of the F-35 Lightning II Joint Strike Fighter program, still requires congressional approval and appropriate funding. The F-35 jet, developed through a joint project between the United States and several allies, is considered one of the most advanced military aircraft in the world. Currently, over 1,375 fighters of this model are deployed at various locations worldwide. Lockheed Martin stated that if approved, the deal will provide the U.S. with a program characterized by predictable costs and flexibility, achieving significant financial savings through long-term pricing and volume-based discounts. In return, the company will fund projects worth $7 billion to support the F-35 jets, in exchange for a ten-year commitment from the U.S. Department of Defense. Michael Davy, the Pentagon's acquisition chief, noted that this agreement represents a radical change in how the American defense industrial base is strengthened, enabling rapid and large-scale production. He added that aligning financial incentives with actual performance ensures that the armed forces receive the lethal capabilities needed to fight and win battles. Lockheed Martin has also pledged to produce 156 fighter jets annually within this timeframe.
