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Lockheed’s Next F-35 Jet Contract Is Expected to Be Worth $30 Billion

  • Contract to be signed later this year for 375 jets, U.S. Says
  • Covid, inflation reduced number of jets in package: Pentagon
A Lockheed Martin Corp. F-35 fighter jet.
A Lockheed Martin Corp. F-35 fighter jet.Photographer: Christopher Pike/Bloomberg

Lockheed Martin Corp.’s next mega-contract for several hundred F-35 jets will be worth about $30 billion, according to a defense official familiar with the negotiations, but the total number of fighters purchased has been affected by inflation and Covid-related delays. 

The exact number of stealthy, next generation fighters included in the deal will be provided once the contract is awarded -- a move that could come this summer or early fall -- though a lot of work remains to get to that point, said the official, who asked not to be identified pending completion of the contracting process.