Pentagon locks in 10-year F-35 jet deal
Summary
Lockheed Martin and the Pentagon have made a 10-year agreement to produce at least 850 F-35 fighter jets. Lockheed Martin will invest at least $7 billion of its own money to support this program.Key Facts
- The agreement covers producing F-35 Lightning II fighter jets for 10 years.
- At least 850 jets will be built under this deal.
- Lockheed Martin will invest a minimum of $7 billion in the program.
- The funds will go to projects that help support the F-35 program.
- The deal was announced by the U.S. Department of Defense on a Thursday.
- The F-35 is a key fighter jet used by the U.S. military and allies.
- This contract ensures long-term production and support for the fighter jets.
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