{"id":7334,"date":"2026-10-23T02:07:09","date_gmt":"2026-10-23T02:07:09","guid":{"rendered":"https:\/\/www.vaultinsider.top\/?p=7334"},"modified":"2026-10-23T02:07:09","modified_gmt":"2026-10-23T02:07:09","slug":"lockheed-martin-unveils-new-10-year-f-35-production-framework-deal","status":"publish","type":"post","link":"https:\/\/www.vaultinsider.top\/?p=7334","title":{"rendered":"Lockheed Martin unveils new 10-year F-35 production framework deal"},"content":{"rendered":"

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F-35 fighter jet parts were mistakenly sent to China after a UPS employee missed a critical export warning email. The Pentagon and State Department are investigating how sensitive military stealth technology was shipped.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Lockheed Martin on Thursday announced a new production and sustainment framework for the F-35 Lightning II, which will see the company produce 850 aircraft for the U.S. military over the next 10 years.<\/p>\n

The framework also includes associated initial spares, 10 years of modification kits and sustainment and international customer orders at a continued production rate of 156 aircraft per year.\u00a0<\/p>\n

The F-35 Lightning II is a multirole fifth-generation fighter with stealth capabilities used by three branches of the U.S. military and a number of American allies around the world.<\/p>\n

“This multiyear framework strengthens the way we can plan and invest in the F-35 enterprise,” said Lockheed Martin CEO Jim Taiclet.<\/p>\n

TRUMP TURNS NATO SPENDING FIGHT INTO WIN FOR US DEFENSE COMPANIES<\/strong><\/p>\n

“With the greater certainty that comes from the U.S. government’s transformative approach to F-35 production and sustainment, we can make the upfront investments needed to expand capacity, improve efficiency and build a more resilient supply chain,” Taiclet explained.\u00a0<\/p>\n

“That’s good for the taxpayer, good for our suppliers and, most importantly, good for the United States and its allies.”<\/p>\n

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\"F-35<\/source><\/source><\/source><\/source><\/picture><\/div>\n
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Lockheed Martin announced a new 10-year framework for producing and sustaining F-35 fighters.<\/span> (U.S. Air National Guard\/Tech. Sgt. Adam Keele\/168th Wing\/DVIDS)<\/span><\/p>\n<\/div>\n<\/div>\n

The new framework is pending multiyear authority and appropriations from Congress which would, if granted, allow the company and the F-35 Joint Program Office to finalize contract terms, pricing and schedules under a formal contract award.<\/p>\n

Lockheed said the agreement is expected to save billions of dollars through the use of long-term pricing and industry volume discounts.<\/p>\n

The company added the framework will address priorities from the Department of War and congressional priorities to improve the readiness of the F-35 program.<\/p>\n

PENTAGON BOOSTING THAAD INTERCEPTOR PRODUCTION WITH NORTHRUP GRUMMAN, LOCKHEED MARTIN DEAL<\/strong><\/p>\n

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\"F-35<\/source><\/source><\/source><\/source><\/picture><\/div>\n
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The F-35 Lightning II is in use by the U.S. Air Force, Navy and Marine Corps, as well as a number of U.S. allies around the world.<\/span> (U.S. Air Force photo by Tech. Sgt. Nicolas Myers\/Air Force Thunderbirds\/DVIDS)<\/span><\/p>\n<\/div>\n<\/div>\n

The announcement said that long-term contracts with suppliers will allow for bulk procurement of raw materials and critical parts to reduce turnaround times and bottlenecks. The company said that will improve mission-capable rates through the elimination of annual contracting cycles that have constrained the industrial base.<\/p>\n

OJ Sanchez, president of Lockheed Martin Aeronautics, said the multiyear framework “gives suppliers stability to plan for the future and invest with confidence, improving readiness across the F-35 fleet.”<\/p>\n

Lockheed Martin said the program will support 317,000 jobs in the U.S. and generate about $79 billion in annual economic activity over the next decade.<\/p>\n

JPMORGAN INVESTS $5B IN COMPANIES CRITICAL TO US NATIONAL SECURITY<\/strong><\/p>\n\n\n\n\n\n
Ticker<\/th>\nSecurity<\/th>\nLast<\/th>\nChange<\/th>\nChange %<\/th>\n<\/tr>\n<\/thead>\n
LMT<\/td>\nNO DATA AVAILABLE<\/td>\n–<\/td>\n–<\/td>\n\n –\n <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

It added that the multiyear procurement model will bring economies of scale that lower costs and boost readiness for all F-35 customers, reinforcing confidence in the program’s global sustainment network and improve interoperability across allied fleets.<\/p>\n

The announcement noted that there are more than 1,375 F-35s currently fielded by militaries around the world, and the fleet has surpassed 1 million flight hours.<\/p>\n

It added that the F-35 operates from 42 bases around the world, with 13 countries operating it on their home soil.<\/p>\n

CLICK HERE TO DOWNLOAD THE FOX NEWS APP<\/strong><\/p>\n<\/div>\n

#Lockheed #Martin #unveils #10year #F35 #production #framework #deal<\/p>\n","protected":false},"excerpt":{"rendered":"

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