Pentagon, Lockheed Set F-35 Framework for 850 U.S. Jets

The Pentagon and Lockheed Martin have agreed to a 10-year framework covering at least 850 F-35 fighter jets for U.S. forces, along with parts and support for the global fleet. The arrangement is not yet a formal aircraft order and cannot proceed to a contract award without congressional authorization and appropriations. The framework is intended to give Lockheed Martin and its suppliers greater visibility into future demand, supporting investments in production capacity and supply chains. Lockheed Martin says it plans to maintain production at 156 aircraft annually across Lots 21 through 30. That production target covers U.S. and international customers; the established minimum commitment for U.S. forces is 850 aircraft over the decade. The Pentagon said Lockheed Martin will invest at least $7 billion of its own funds in initiatives supporting the F-35 program. The framework also includes initial spare parts, modification kits and sustainment for the global F-35 fleet. It brings aircraft production and elements of fleet support into a long-term planning framework, rather than establishing final contract terms. The two sides would need to settle pricing, schedules and other...