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Pentagon and Lockheed Martin agree decade-long deal for 850 F-35 jets

Original: The Pentagon and Lockheed Martin have announced a 10-year "framework agreement" to build 850 F-35 fighter jets, a produc

The Pentagon and Lockheed Martin have announced a 10-year framework agreement to build 850 F-35 fighter jets, stabilising production at up to 156 aircraft per year. In exchange for the long-term commitment, Lockheed will fund $7 billion in projects. The deal still requires approval and funding from Congress.

Why now: It is one of the largest US defence procurement commitments in years, with major implications for military spending and the F-35 programme.

PentagonLockheed MartinF-35US Congress

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• The Pentagon and Lockheed Martin have announced a 10-year "framework agreement" to build 850 F-35 fighter jets, a production rate of 156 a year. It still needs approval and funding from Congress. In return for the long commitment, Lockheed will fund $7 billion of projects… · i47i@social.i47i.cc · 2

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