Lockheed, Pentagon reach handshake agreement on next F-35 lot, paving the way for an $80M jet next year

WASHINGTON — Lockheed Martin and the U.S. Department of Defense have reached a handshake agreement on the next lot of F-35 joint strike fighters, an agreement that for the first time includes options for customers to purchase additional aircraft over the next few years.

In a statement, Pentagon acquisition head Ellen Lord called the agreement, worth $34 billion over lots 12, 13 and 14 for 478 aircraft, a “historic milestone.”

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