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Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.

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

  • By Al Mayadeen English
  • Source: Agencies
  • 19 Jul 2022 09:38
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.

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  • 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.

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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

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