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Lockheed Martin Secures 10-Year F-35 Deal

October 24, 2026

2 min read

Key Takeaways

Lockheed Martin signs 10-year framework agreement for 850 F-35s.
The deal includes $7 billion in investment for the F-35 program.
Production rate to maintain approximately 156 aircraft annually.
Agreement aims to improve supply chain stability and readiness.

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Strategic Implications

This agreement may indicate a significant shift in the US defense industrial base, with Lockheed Martin's investment suggesting confidence in long-term demand for the F-35. The deal could also signal a new approach to procurement, prioritizing stability and predictability over traditional contracting methods, which may benefit the aerospace industry as a whole.

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What Happened

Landmark Agreement Brings Stability To US Defense Industrial Base

The US Department of War has finalized a landmark 10-year framework agreement with Lockheed Martin for the production of 850 F-35 Lightning II stealth aircraft. The deal, which includes procurement of initial spare parts and modification kits, plus sustainment of the global F-35 fleet, aims to modernize and expand the US military’s fleet of fifth-generation stealth fighters. Lockheed Martin will invest at least $7 billion in initiatives supporting the F-35 program, with the agreement expected to create a stable, long-term procurement that will benefit the US defense industrial base, according to ClearanceJobs.

Source | Originally Published: October 23, 2026

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