Lockheed Martin Announces Framework for Multiyear F-35 Production and Sustainment

Lockheed Martin has announced a framework agreement with the U.S. Department of War for the multiyear production and sustainment of 850 F-35 aircraft over a 10-year period, targeting a production rate of 156 aircraft annually. The agreement includes provisions for spares and modifications, aiming to enhance long-term demand visibility and factory utilization. The finalization of contracts is contingent upon multiyear authority and appropriations from the U.S. Congress.