Pentagon, Lockheed announce deal for 850 F-35 jets over 10 years

WASHINGTON — The Pentagon and Lockheed Martin announced Thursday a 10-year agreement for the production of 850 F-35 warplanes, underscoring Washington's long-term commitment to the stealth aircraft. The "framework agreement," which the Pentagon said would "modernize and expand" the F-35 Lightning II Joint Strike Fighter program, still requires congressional approval and funding. The F-35, a joint project between the United States and a number of allies, is one of the world's most advanced military aircraft. There are more than 1,375 F-35s based around the world, according to Lockheed. The deal, if approved, would give Washington a "predictable, affordable, and resilient" fighter jet program, Lockheed said, pointing to billions of dollars in expected savings thanks to "long-term pricing and industry volume discounts." In exchange for the Pentagon's 10-year commitment, Lockheed Martin will fund $7 billion in projects supporting the F-35s, the Pentagon said. "We have fundamentally changed how we stabilize the American defense industrial base to produce at speed and scale," top Pentagon acq