Lockheed Martin secures $11.8 billion contract to produce F-35 jets

---

Lockheed Martin, the world’s leading aerospace and defense company, has secured a $11.8 billion contract modification from the U.S.

Department of Defense. The agreement, announced on Thursday, is part of the production efforts for the F-35 Lightning II Joint Strike Fighter program, widely recognized as one of the most advanced multirole combat aircraft in the world.

The contract modification will see the production and delivery of 145 F-35 aircraft across all three variants: the F-35A for conventional takeoff and landing, the F-35B for short takeoff/vertical landing, and the F-35C designed for aircraft carriers.

These deliveries will cater to the needs of the U.S. Air Force, Marine Corps, and Navy, as well as international partners and foreign military sales customers.

Strengthening Global Defense

The new contract highlights Lockheed Martin’s continued role as a key player in global defense and aerospace. “This agreement underscores the trust and commitment of the U.S.

Department of Defense and our international partners,” said Greg Ulmer, Executive Vice President of Lockheed Martin’s Aeronautics division. “The F-35 continues to deliver unmatched capability to its operators, ensuring air superiority and enhancing global security.”

The production effort will include advanced manufacturing processes and incorporate technology updates aimed at reducing the overall cost of the aircraft while maintaining operational excellence. The contract also supports thousands of jobs across the United States and among international suppliers, contributing to economic stability in the defense sector.

Meeting Growing Demand

With over 950 F-35s already delivered worldwide, the demand for the aircraft remains robust. The program’s international reach includes key allies such as the United Kingdom, Japan, Australia, and Italy, among others. This contract aligns with ongoing efforts to meet the growing requirements of both U.S. and allied forces, ensuring readiness and interoperability in the face of evolving global threats.

The F-35 program has been praised for its technological advancements, including stealth capabilities, advanced sensors, and data-sharing technologies that enhance battlefield awareness.

However, it has also faced criticism over cost overruns and production delays in the past. Lockheed Martin has made significant strides in addressing these concerns, with a focus on driving down per-unit costs and improving production timelines.

A Future-Ready Investment

The $11.8 billion investment demonstrates a forward-looking approach to national and international security. The contract solidifies the F-35’s position as a cornerstone of modern defense strategy, ensuring it remains a critical asset for decades to come.

Deliveries under this contract are expected to commence in 2025, with production continuing at Lockheed Martin’s facilities in Fort Worth, Texas, and other locations worldwide.

This latest agreement not only reinforces the company’s leadership in the defense industry but also underscores the strategic importance of the F-35 in maintaining global security.

Also Read

Dow Plummets Over 500 Points Amid Tech Stock Sell-Off and Rising Treasury Yields

Ondas holdings regains Nasdaq compliance