News about F-35

Lockheed Martin and the Pentagon announced a 10-year framework to supply 850 F-35 fighters to the U.S. and its allies. The plan includes a planned US$7 billion Lockheed investment to expand F-35 production capacity and improve factory efficiency, while multiyear contracting is meant to support supply chain planning, taxpayer savings and jobs across the defense industrial base. The article views the deal as fitting the company's backlog-into-cash story alongside its seven-year missile deals and record backlog. It also warns that a decade-long commitment magnifies execution and supply chain risks already flagged for complex programs, especially given the company's high debt.