Lockheed Martin and Pentagon agree on 850 F-35 jets over 10 years

The U.S. Department of War reached a framework agreement with Lockheed Martin covering production and sustainment of at least 850 F-35 fighters for the U.S. military over 10 years, with output at 156 aircraft annually. Lockheed will invest at least $7 billion of its own funds; the deal covers Lots 21–30 and foreign orders but still needs congressional authorization and appropriations.

• At least 850 F-35 jets for the U.S. over 10 years
• Production rate of 156 aircraft per year
• Lockheed to invest at least $7 billion of its own funds
• Program expected to support 317,000 U.S. jobs