Lockheed Martin, Pentagon Agree to 10-Year Framework Deal for Production, Support of F-35 Warplanes

06:46 AM EDT, 10/22/2026 (MT Newswires) -- Lockheed Martin (LMT) and the Department of Defense have agreed to a framework agreement for multi-year F-35 Lightning II production and support, the organizations said Thursday. Financial terms were not disclosed. The deal includes production of 850 US aircraft over 10 years along with spare parts, 10 years of modification kits and sustainment, and international customer orders, at a continued production rate of 156 war jets per year. When granted authority and appropriations, the Pentagon and Lockheed Martin will work to finalize contract terms, pricing, and schedules, the organizations said. Shares of the company were up 2% in recent premarket trading.