Lockheed to Get $34 Billion for F-35 as Pentagon Announces Award

Order for 478 U.S., allied fighters will be the biggest yet
Jet is still undergoing combat testing against foreign threats

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By Anthony Capaccio and Julie Johnsson

October 28, 2019 at 4:46 PM UTC

Updated on

October 28, 2019 at 11:08 PM UTC

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The Pentagon announced a final agreement with Lockheed Martin Corp. on the biggest contract yet for the next-generation F-35 jet.

While the purchase of this new group of stealthy F-35s for U.S. and allied militaries is expected to be valued at about $34 billion for 478 fighters, the Defense Department’s daily contract summary on Monday specified a partial installment of $7 billion.