Pentagon awards $7.8 billion F-35 contract to Lockheed Martin
Lockheed Martin, has been awarded a contract modification by the U.S. Department of Defense worth $7.8 billion. This modification pertains to the production and delivery of 126 F-35 multi-role aircraft under Lot 17. Among these aircraft, 81 F-35A will be supplied to the U.S. Air Force and allied forces.
The contract, which is considered the most expensive weapons system in the Pentagon's arsenal, is expected to be fulfilled by August 2026. It includes the provision of 15 F-35B aircraft for the U.S. Marine Corps and 13 F-35C aircraft for the U.S. Navy.
In a previous agreement reached last year, the U.S. Department of Defense and Lockheed Martin agreed to manufacture approximately 375 F-35 fighter jets over a three-year period, with the contract valued at $30 billion.