Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Informed source to Al Mayadeen: SDF Commander-in-Chief Mazloum Abdi demands that al-Sharaa approve the establishment of an autonomous region similar to the Kurdistan Region of Iraq.
Israeli media: Three drones launched from Yemen toward Eilat in span of 20 minutes.
Qatari Foreign Ministry: "Israel" should have already ceased fire under Trump plan for Gaza
Qatari Foreign Ministry: Release of Israeli captives will mark end of war in Gaza in accordance with Trump plan.
Israeli media: Security incident in Gaza Strip classified as serious results in six wounded soldiers so far, two critically injured.
Al Mayadeen's correspondent in South Lebanon: Israeli drone strike targets vehicle in Deir Ames, Tyre governorate.
Lebanese Ministry of Health: Final toll from airstrike on car in Zebdine, Nabatieh District: Two martyrs, four injured
Egyptian media: Indirect talks between Hamas and Israelis begin in Sharm el-Sheikh.
AFP: France's new PM Sebastein Lecornu resigns just hours after unveiling cabinet.
Trump: Technical teams will meet again on Monday in Egypt to discuss and clarify the final details, and the first phase is scheduled to be completed this week

Pentagon, Lockheed Martin agree on $30 bln F-35 jet deal

  • By Al Mayadeen English
  • Source: Agencies
  • 19 Jul 2022 08:38
2 Min Read

The US Department of Defense reached an agreement with Lockheed Martin Corp to buy approximately 375 F-35 fighter jets over three years, amid expectations of a price increase for the most common version of the jet.

  • x
  • US F-35 fighter jets
    US F-35 fighter jets

The Pentagon and Lockheed Martin have agreed on the prices and quantities of new F-35 fighter jets that will be purchased over the next three years as per a company spokesperson.

On Monday, US media reported that the Pentagon and Lockheed Martin had reached an agreement worth approximately $30 billion for 375 F-35 fighter jets.

In a statement, a company spokesperson said later, on Monday, that "through a collaborative effort with the F-35 enterprise, including the Joint Program Office, suppliers, and teammates, we have successfully reached an agreement on Lots 15 through 17." 

"In the midst of continued COVID-19 impacts and decreased F-35 quantities, the F-35 enterprise was able to achieve a cost per jet lower than record-breaking inflation trends," the spokesperson added.

Final prices, the number of F-35 jets to be sold, and which countries will purchase the aircraft will be disclosed when the agreement is officially inked, according to the spokesperson.

Related News

Air Canada flights resume after historic crew strike

China is set to launch first commercial flight on its C919 plane

The handshake agreement comes as the aviation industry gathered for the return of the Farnborough Airshow, hoping for a show of confidence following the devastation of COVID-19.

Lockheed began to warn that the cost of the jet would rise as economies of scale dwindled and supply chains faltered. 

A pre-pandemic forecast for this three-year purchase indicated that 485 jets could be included, but the 22 percent volume reduction would undoubtedly affect the overall cost of the F-35A, the most common version of the jet.

A previous three-year "block buy" signed by the Pentagon in 2019 was for 478 F-35 fighter jets, allowing Lockheed to buy larger quantities of components, reducing costs by about 8%, to $34 billion.

According to Lockheed executives, any country with an F-16 jet, the F-35's predecessor, is a potential customer.

It is worth noting that foreign military sales, such as the F-35, are classified as government-to-government transactions in which the Pentagon serves as an intermediary between the defense contractor and a foreign government.

The F-35 jet program accounts for approximately 27% of Lockheed's revenue.

  • Lockheed Martin Corp
  • Pentagon
  • US
  • fighter jets
  • aviation industry

Most Read

Iraq at a crossroads: A new war front?

Iraq at a crossroads: A new war front?

  • West Asia
  • 30 Sep 2025
Tucker Carlson speaks at a memorial for Charlie Kirk, Sunday, September 21, 2025, at State Farm Stadium in Glendale, Arizona (AP)

Tucker Carlson: Israeli officers gave orders on Iran inside Pentagon

  • Politics
  • 2 Oct 2025
A Hamas fighter in combat fatigues stands before the ceremony for the handover of Israeli captives to the Red Cross in Nuseirat, central Gaza Strip, Saturday, February 22, 2025 (AP)

Hamas responds to Trump plan, backs Gaza withdrawal, exchange

  • Politics
  • 3 Oct 2025
ap

'Israel' pays influencers $7K per post to whitewash Gaza genocide

  • Politics
  • 1 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Hezbollah's representative in Iran, Sayyed Abdullah Safieddine, during an interview with Al Mayadeen which aired on October 6, 2025 (Al Mayadeen)
Politics

Tehran never interferes in Hezbollah decisions: Representative in Iran

Smoke billows over the Gaza Strip following an Israeli bombardment, as seen from southern Palestine, Sunday, Oct. 5, 2025. (AP)
Politics

Indirect talks for a ceasefire in Gaza begin in Sharm El-Sheikh

Fighters from the Syrian Democratic Forces (SDF) prepare to attend a military parad in Qamishli, northeastern Syria, Tuesday, August 12, 2025 (AP)
Politics

Security forces seal Aleppo’s Sheikh Maqsoud, Ashrafieh districts

Amsterdam Captain Mohammed Ali Mohiuddin, who took part in the Global Sumud mission to Gaza, talks to Al Mayadeen on October 6, 2025 (Screengrab)
Politics

GSF captain says despite abuse, 'Israel weaker than spider's web'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS