<\/p>\n
A F-35 Lightning II jet, the first to be given to Finland, is seen during a ceremony on Tuesday, Dec. 16, 2025, at the Lockheed Martin production in Fort Worth.<\/p>\n
Emily Holshouser<\/p>\n
eholfshouser@star-telegram.com<\/p>\n
Lockheed Martin has landed a 10-year F-35 deal. Here\u2019s what readers should know:<\/p>\n
The Department of War has signed a new long-term agreement with Lockheed Martin to manufacture hundreds of F-35 jets, which are assembled primarily its Fort Worth facility.<\/p>\n
The deal follows a series of 2026 contracts and strong quarterly earnings for the aerospace company<\/p>\n
Here are key takeaways:<\/p>\n
Lockheed Martin has secured a 10-year agreement with the Department of War to produce at least 850 F-35 Lightning II jets<\/a>, at a rate of 156 aircraft per year.The deal, which includes spare parts and international orders, is subject to congressional approval and could generate $79 billion in economic activity, with Lockheed Martin self-funding at least $7 billion in program initiatives.Second-quarter sales rose 11% to $20.1 billion<\/a>, up from $18.2 billion a year earlier, with net earnings of $1.8 billion.CEO Jim Taiclet said the company expects year-over-year sales growth of around 8% and raised its full-year financial guidance.In May, the Department of War awarded Lockheed Martin\u2019s Fort Worth division more than $879 million to support F-35 delivery schedules<\/a>, part of over $1 billion in contracts awarded nationwide. The order covers missile launchers, bomb racks, gun systems, pylons and adapters for the Air Force, Marine Corps, Navy and foreign military customers plus non-U.S. Department of War participants.<\/p>\n The summary points above were compiled with the help of AI tools and edited by journalists. The source reporting referenced above was written and edited entirely by journalists.<\/p>\n