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Event Brief

Pentagon and Lockheed agree on 10-year F-35 framework

The Pentagon and Lockheed Martin announced a 10-year framework to produce at least 850 F-35 Lightning II fighters, with production and sustainment covered. The plan includes initial spare parts and modification kits, and Lockheed will self-fund at least $7 billion in program initiatives, the Pentagon said. The agreement requires congressional approval and funding; pricing and schedules remain unsettled.
WHO: The Pentagon and Lockheed Martin
WHAT: Announced a 10-year framework agreement to produce at least 850 F-35 fighters.
WHEN: Oct 22, 2026
WHERE: USA
WHY: The Pentagon said the framework is intended to stabilize the U.S. defense industrial base and align financial incentives with performance.
How this story developed (showing 2 of 2 earlier reports)

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