Lockheed Martin Unveils Multiyear F-35 Production Framework
The Department of War and Lockheed Martin have established a framework agreement for the multiyear production and sustainment of the F-35 Lightning II. The proposed arrangement encompasses 850 U.S. aircraft, initial spares, modification kits, and international orders across Lots 21-30 over a 10-year period, maintaining an annual production rate of 156 aircraft. Final contract terms, pricing, and schedules remain pending. Execution is contingent upon multiyear authority and appropriations being granted, after which formal contract awards will be finalized by the F-35 Joint Program Office and Lockheed Martin.
The Department of War and Lockheed Martin (LMT) have unveiled a framework agreement covering multiyear production and sustainment of the F-35 Lightning II.
The framework includes 850 U.S. aircraft over 10 years, along with associated initial spares. It also covers 10 years of modification kits and sustainment, as well as international customer orders across production Lots 21-30.
The proposed arrangement is based on a continued production rate of 156 aircraft per year. Final contract terms, pricing and schedules have not yet been established.
If multiyear authority and associated appropriations are granted in the coming months, the F-35 Joint Program Office and Lockheed Martin will work to finalize those details through a formal contract award.
This article may include AI-generated content that is human-reviewed, which is for reference and general information purposes only and does not constitute investment advice.
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