What Happened
Ten-Year Framework Agreement Boosts Fighter Jet Production Capacity
The US Department of War and Lockheed Martin have finalized a 10-year framework agreement for F-35 Lightning II fighter production, spare parts procurement, and fleet sustainment. The agreement includes a minimum commitment for 850 US aircraft and at least $7 billion in company-funded investment initiatives. The arrangement is designed to provide greater predictability for production capacity, equipment, and workforce requirements, according to TheDefenseWatch.com.