The Pentagon and Lockheed Martin announced a 10-year agreement for the production of 850 F-35 fighter jets, emphasizing a long-term commitment to the advanced stealth aircraft program. The framework, which aims to modernize and expand F-35 production, still requires congressional approval and funding to move forward.

The agreement, which was unveiled on October 22, seeks to provide a more predictable and efficient production process, supporting both the U.S. defense industrial base and allied partners. Lockheed Martin did not disclose the total contract value, but noted that the initiative could lead to billions in savings through long-term pricing and volume discounts.

Lockheed Martin Chairman, President and CEO Jim Taiclet described the deal as securing the F-35’s role as a cornerstone frontline fighter for the United States and its allies. He added that the commitment would allow upfront investments to increase production capacity, improve efficiency, and create a more resilient supply chain. Taiclet also highlighted the broader economic impact, noting the program is expected to support over 315,000 jobs and generate nearly $80 billion in economic activity over the next decade.

The agreement covers not only the production of the aircraft themselves but also includes initial spares, modification kits, sustainment support, and orders from international customers. The F-35, a multi-role stealth fighter developed jointly by the U.S. and allied nations, is currently deployed in more than 1,375 units worldwide.

Pentagon acquisition official Michael Duffey stated that the deal represents a shift in how the U.S. stabilizes its defense industrial base by aligning financial incentives with performance outcomes, ensuring warfighters have access to advanced capabilities.

International interest in the F-35 remains strong. Last month, the U.S. approved a $24.3 billion sale of 48 jets to Saudi Arabia, underscoring the aircraft’s strategic importance in the region. Meanwhile, Turkiye, which was removed from the F-35 program in 2019 over its purchase of a Russian air defense system, has expressed confidence that it may regain access to the jets—a prospect opposed by Israel.

The agreement also commits Lockheed Martin to invest $70 billion into projects supporting the F-35 program, reflecting a partnership approach intended to enhance long-term production and sustainment efforts. If finalized, the deal will reinforce the F-35’s position as a central component of U.S. and allied air capabilities for years to come.