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Agreement Reached For New Multiyear F-35 Procurement

July 19 2022


Lockheed Martin says it has reached a handshake agreement with the Dept. of Defense for a three-year block buy of F-35 Lightning II fighter jets.

The deal covers 375 aircraft in production lots 15 to 17 as well as the latest hardware to support Block 4 capabilities for the jets, the company said.

The handshake agreement is the starting point for negotiations over contract price ahead of contract award, reported Reuters.

The deal could be worth around $30 billion, although the final...

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