Lockheed Martin Targets Decade-Long F-35 Production Pact

Under this proposed agreement, production would hold at a steady clip of 156 aircraft per year. Chief Executive Jim Taiclet emphasized that the multiyear structure grants the company the clarity required to expand manufacturing capacity, a move he described as beneficial for both taxpayers and the broader network of suppliers. The Pentagon anticipates the arrangement will streamline procurement by removing the reliance on unpredictable supplemental appropriations, allowing for more precise long-term planning.

Lockheed Martin is currently working alongside the F-35 joint program office to solidify specific pricing, schedules, and final contract terms. These details remain contingent on the company receiving formal multiyear authority and funding approval in the near future. If realized, the program is projected to sustain 317,000 jobs across the United States and generate roughly $79 billion in annual economic activity. Currently, there are more than 1,375 F-35 jets operational worldwide.