Deals·October 22, 2026 at 8:59 AM EDT·2 sources
Lockheed, Pentagon reached F-35 fighter jet deal for $7B
LMT +2.4%
LMT · last 30 trading days+9.6% since the news
News
acquisition, log scale$7.0B
$100M$1B$10B$100B
EV / EBITDA0.6x
0x30x
What happened
- Lockheed Martin and the Pentagon reached a $7 billion framework agreement for F-35 fighter jets.
- The deal includes an order for 850 aircraft over 10 years.
- The framework must pass through Congress before it can be finalized.
Deal value
$7B
Aircraft ordered
850
Delivery period
10 years
Why it matters
The agreement is significant for Lockheed Martin’s defense business and aerospace supply chain, but congressional approval remains a condition to finalization.
What to watch. Congressional approval of the framework agreement.
Deal terms
acquisition
Pentagon → Lockheed Martin
Value
$7.0B
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Timeline
- EarlierOct 16Norway's $2 trillion wealth fund was frozen out of major defense companies. That may be about to change
- EarlierOct 22New Framework Agreement for Multiyear F‑35 Production and Sustainment
- EarlierOct 22Lockheed Martin Raises Outlook on Robust Demand for Missiles
- EarlierOct 22Lockheed Martin Corp.: Results of operations
- First reported by Manufacturing DiveOct 22Lockheed, Pentagon reached F-35 fighter jet deal for $7B
- Defense News reportsOct 22Pentagon, Lockheed agree to 10-year deal for 850 F-35 jets
Who is involved
acquiringLockheed, Pentagon reached F-35 fighter jet deal for $7BLockheed MartinLMT · targetPentagonbuyer
CompanyThe deal
Sources (2)
- Manufacturing DiveOct 22Lockheed, Pentagon reached F-35 fighter jet deal for $7B
- Defense NewsOct 22Pentagon, Lockheed agree to 10-year deal for 850 F-35 jets
Related
- Oct 22 · Lockheed Martin Raises Outlook on Robust Demand for Missiles
- Oct 22 · Lockheed Martin Corp.: Results of operations
- Oct 22 · New Framework Agreement for Multiyear F‑35 Production and Sustainment
- Oct 16 · Norway's $2 trillion wealth fund was frozen out of major defense companies. That may be about to change
- Oct 14 · Lockheed Martin Expands Advanced Munitions Manufacturing in Texas, Driving Thousands of New American Jobs
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