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The $7 Billion Bet Inside Lockheed’s F-35 Framework: Why Pentagon Wants to Lock Production for a Decade

23 October 2026 at 14:36

In a “landmark” agreement, the Pentagon and Lockheed Martin have agreed to a framework agreement to buy F-35 Joint Strike Fighters for the next 10 years.

Under the multi-year production and sustainment agreement, Lockheed Martin will produce 1,560 F-35 Lightning II aircraft for the US and its international customers at a rate of 156 fighters per year.

The US will buy at least 850 of these stealth fighter jets.

The agreement also covers associated initial spares, 10 years of modification kits, and a sustainment package for the global F-35 fleet.

It creates a stable, long-term procurement signal to modernize and expand America’s 5th-generation tactical aircraft.

However, the agreement’s execution remains subject to Congressional authorization and appropriations.

The US Congress is already considering granting the Pentagon authority to enter into multi-year procurement agreements with defense companies, specifically Lockheed Martin for the F-35 fighter and Boeing for the F-15EX Eagle.

The Pentagon also wants to buy at least 268 F-15EX fighters over the next decade.

The multi-year procurement and sustainment framework was first envisioned in the fiscal 2027 National Defense Authorization bill, released in May.

“We have fundamentally changed how we stabilize the American defense industrial base to produce at speed and scale,” said Under Secretary of War Michael P. Duffey in a statement.

“This agreement with Lockheed Martin proves it. By aligning financial incentives with actual performance, we are ensuring our warfighters are equipped with the lethal capabilities they need to fight and win.”

The Pentagon believes that multi-year procurement agreements, totaling hundreds or even thousands of aircraft and valued at billions of dollars, will encourage defense companies to make upfront investments in expanding production facilities.

Earlier this week, while commenting on the US Air Force’s updated fighter force structure report, under which the force envisions a 1,509 combat-coded fighter fleet by 2035, Lt. Gen. David Tabor, deputy chief of staff for plans and programs, has underlined that pushing multi-year procurement packages will provide financial stability to defense contractors and encourage them to invest in production facilities.

Notably, the US fighter force structure report is also pending before Congress, and it envisions a 60% stealth fleet by 2035.

The 60% stealth force will include 40% F-35s and 20% F-22 Raptors and F-47s.

If the report is approved, by 2035, two out of every five combat-coded fighters in the USAF will be F-35As.

Besides, the US Navy and the US Marine Corps will also fly additional F-35B and F-35C variants of the fighter.

The ten-year procurement framework with Lockheed for 1,560 F-35s over the next decade, including 850 exclusively for the US, will help the company invest in expanding and streamlining its production facilities to meet extraordinary global demand for the F-35.

To meet the demand, Lockheed will have to produce 156 F-35s annually.

Under the framework agreement with the Pentagon, Lockheed Martin has agreed to invest at least US$7 billion of its own money into projects to support the F-35 program.

“This multiyear framework strengthens the way we can plan and invest in the F-35 enterprise,” said Lockheed Martin Chairman, President and CEO Jim Taiclet.

“With the greater certainty that comes from the U.S. government’s transformative approach to F-35 production and sustainment, we can make the upfront investments needed to expand capacity, improve efficiency, and build a more resilient supply chain. That’s good for the taxpayer, good for our suppliers, and, most importantly, good for the United States and its allies.”

Lockheed Martin said in a statement that if the U.S. Congress grants multiyear authority and associated appropriations in the coming months, the F-35 Joint Program Office (JPO) and Lockheed Martin will finalize contract terms, pricing, and schedules through a formal contract award.

The statement added that the framework agreement will offer several advantages, including predictable, multi-year procurement planning, high-volume procurement efficiencies, and transparent, data-driven decision-making.

Notably, the F-35 Lightning II program relies on more than 1,400 domestic and global suppliers and contractors.

According to Lockheed Martin, the company manufactures nearly 30 to 42 percent of the jet outside the US across three continents before final assembly in Texas.

F-35: Image via US Embassy, New Delhi

While Lockheed Martin is the primary contractor, the UK’s BAE Systems is a principal partner. BAE supplies much of the software code, the F-35’s rear fuselage, tails, the AN/ASQ-239 Barracuda electronic warfare system, the antenna, various avionics, and more.

Another British contractor, Martin Baker, is providing the ejection seats. The LiftSystem found in the F-35B variant is made by the UK’s Rolls-Royce (the only company building that type of STOVL lift fan).

Northrop Grumman is also a principal contractor, and it designs and produces critical F-35 components, including the center fuselage, AN/APG-81 AESA radar, communications subsystems such as the AN/ASQ-242 Integrated Communications, Navigation, and Identification (CNI) system, and the EO/IR Distributed Aperture System.

Leonardo and Cameri in Italy, GKN Fokker in the Netherlands, ASDAM Group in Australia, and nearly 30 companies in Canada also supply crucial parts for the F-35 fighters.

Over 1,500 firm orders for the F-35 over the next 10 years will allow Lockheed Martin to enter into long-term contracts with these suppliers to buy raw materials and critical parts in bulk, thereby stabilizing supply chains and increasing F-35s mission-capability rates.

It said the integrated procurement model, which pairs aircraft production with purchases of spare and modification parts, will deliver high-volume procurement discounts, drive down unit prices, and give the U.S. government the cost predictability it requires.

Meanwhile, during the October 22 earnings call, Lockheed reported third-quarter 2026 sales of US$20.7 billion, up from $18.6 billion in the third quarter of 2025.

It also reported a record backlog of US$292.0 billion, including US$52.5 billion tied to the multi-year award to produce PAC-3 Missile Segment Enhancement (MSE) interceptors.

Notably, Lockheed Martin’s market capitalization is approximately US$127 billion, so its current backlog of US$292 billion is 2.3 times its market value.

Together, the multi-year agreements for PAC-3 MSE interceptors and F-35 fighter jets will provide Lockheed with a stable source of income for years to come.

If Congress approves the F-35 multi-year procurement framework, Lockheed Martin’s backlog order book could easily cross US$350 billion.

“In the third quarter each of our four segments posted growth year-over-year, sales topped $20.7 billion and net earnings exceeded $1.8 billion, increases of 11% and 14%, respectively. We delivered $3 billion of free cash flow in the quarter, and increased our backlog to a record $292 billion, allowing us to raise our dividend for the 24th year in a row,” said Lockheed Martin Chairman, President and CEO Jim Taiclet.

Taiclet also reiterated the company’s desire to integrate sixth-generation fighter-jet technologies into the F-35, upgrading it into what he called a “Ferrari” F-35.

Taiclet first voiced this desire in April last year after Lockheed lost to Boeing for the USAF’s Next Generation Air Dominance (NGAD) fighter, the F-47. He claimed that the company can integrate 80% of sixth-generation NGAD technology into its fifth-generation F-35 Lightning II, which is already in production, at half the cost.

If the multi-year F-35 agreement is approved and it provides Lockheed with 1,560 firm orders and stable cash flow over the next decade, then the company can invest in integrating some of these sixth-generation technologies into the F-35.

Notably, the F-35 is already the world’s most popular stealth aircraft.

Lockheed Martin has already delivered nearly 1,300 F-35s to the US and its international customers, more than all other stealth fighters combined, including the US F-22 Raptor, China’s J-20 and J-35A, and Russia’s Su-57.

A firm order for 1,560 more F-35s would bring the total close to 3,000 fighters by 2035.

The final decision, however, rests with the US Congress.

  • Sumit Ahlawat has over a decade of experience in news media. He has worked with Press Trust of India, Times Now, Zee News, Economic Times, and Microsoft News. He holds a Master’s Degree in International Media and Modern History from The University of Sheffield, UK. 
  • He can be reached at ahlawat.sumit85 (at) gmail.com

The post The $7 Billion Bet Inside Lockheed’s F-35 Framework: Why Pentagon Wants to Lock Production for a Decade appeared first on EURASIAN TIMES.

Why India Rejected F/A-18 Super Hornets Despite Its Navy Loaded With American Military Platforms?

23 October 2026 at 11:21

The Indian Navy is conducting trials of the French Dassault Rafale-M, the naval aircraft that edged out the American F/A-18E/F Super Hornet in a tight contest. 

Interestingly, the Indian Navy already operates a substantial number of American platforms. Against that backdrop, Boeing had expected to secure yet another major Indian contract.

Why did the French Rafale-M ultimately edge out the Super Hornets?

In April 2025, India ordered 26 Rafale Marines to replace the Russian-origin MiG-29K, which currently operates from Indian aircraft carriers– INS Vikramaditya and INS Vikrant.

More than a year after signing the contract, the Indian Navy is running Rafale-M trials at the Shore-Based Test Facility (SBTF) at INS Hansa in Goa and is reportedly considering some minor modifications to its aircraft carriers to accommodate the French aircraft.

According to the reports, the service is considering these small modifications because the Rafale-M fighters were originally designed to operate from CATOBAR (Catapult Assisted Take-Off But Arrested Recovery) carriers—such as the French carrier Charles de Gaulle—whereas Indian carriers use a Short Take-Off But Arrested Recovery (STOBAR) system.

Additionally, the Rafale-M has a wingspan of almost 10.9 meters, and unlike the MiG-29K, it is not designed to fold its wings to take up less space on the deck. This creates a larger deck or hangar footprint. So, the Navy is purportedly examining minor procedural workarounds, such as temporarily detaching the wingtip missile launch rails to reduce the effective span to roughly 9.6 meters, along with handling and stowage adjustments.

Rafale-M deliveries are expected to begin in 2028 and likely conclude by 2030, marking the first time in a decade that the Indian Navy will operate a non-Russian or Western fighter. Its last Western carrier fighter was the British Sea Harrier aircraft, which it retired in 2016 after more than three decades of service.

Notably, the Indian Navy has operated French equipment before, though never on this scale.

Earlier, it acquired 12 Breguet Alizé carrier-based anti-submarine warfare (ASW) aircraft that participated in the 1961 Goa operations and the 1971 Indo-Pakistani War and served the Navy until 1991. The service has also operated the HAL Chetak, a French-designed light utility helicopter produced in India for decades, though it is now being phased out in favor of more advanced indigenous aircraft. 

By contrast, the Indian Navy operates a range of US-origin equipment, from helicopters to spy aircraft, making the choice of a French carrier-based jet particularly interesting.

File Image: Rafale-M

Indian Navy: Full of US-Origin Weapon Systems

Despite the push for indigenization, the Indian Navy has steadily acquired American platforms and weapons over the past few decades.

One of the most important items on this list is the P-8I Poseidon maritime surveillance aircraft. India first ordered eight P-8I aircraft in January 2009, becoming the type’s first international customer.

It signed a follow-on order for four additional aircraft in 2016, significantly enhancing its maritime surveillance, anti-submarine warfare, and ISR capabilities and positioning it as a critical asset in the Indian Ocean Region. In February 2026, the Defense Acquisition Council (DAC) officially cleared an additional P-8I purchase.

In addition to the Poseidon, the Indian Navy ordered 24 MH-60R Seahawk Multi-mission naval helicopters in February 2020. It has since received 21, and the rest are expected to arrive in 2027. These helicopters can conduct anti-submarine warfare, anti-surface warfare, shipborne multi-role operations, and networked operations, arming the Navy with the capability to detect and neutralize underwater and surface threats in the Indian Ocean.

The Navy has also leased two MQ-9B Sea Guardian drones from US-based General Atomics since 2020. It is supplementing these by leasing two more as per a contract signed in August 2026. These drones have supported maritime surveillance and intelligence, surveillance, and reconnaissance (ISR) missions in the Indian Ocean Region, complementing the Navy’s P-8I and helping maintain vigilance.

India also signed a $3.3 billion deal with the US in October 2024 to acquire 31 MQ-9B High-Altitude Long-Endurance UAVs. Of the 31 Sea Guardians the MoD purchased, the Indian Navy will receive 15 drones, while the Indian Army and the Indian Air Force will each receive 8 to strengthen surveillance along the northern and western borders.

The Indian Navy operates one US-acquired INS Jalashwa (the former USS Trenton), an Austin-class amphibious transport dock with a sealift capability for over 3,500 troops and a squadron of armored vehicles.

Furthermore, the service has also acquired several lethal US munitions over the years, including the AGM-84 Harpoon Block II anti-ship missile, Mk 54 lightweight torpedoes, and the AGM-114 Hellfire, to name just a few. 

Despite these rather high-value acquisitions, the Indian Navy has never purchased or operated an American fighter jet. When it finally got the chance to buy a US aircraft, i.e., the F/A-18E/F Super Hornet, the service chose the Rafale-M instead.

Why did India Opt For Rafales over Super Hornets?

When India opened the contest for a carrier-based fighter to replace the MiG-29K jets, Boeing offered its F/A-18E/F Super Hornet Block III.

In 2022, Boeing India marketed the F/A-18 Super Hornet Block III as a carrier-based fighter designed for high-load, high-stress operations, and stressed that the multi-role naval fighter would be fully compatible with Indian Navy carriers.

Boeing pitched the Super Hornet as a jet that required minimal support equipment and had a remarkably low cost per flight hour while maintaining high mission readiness. It tried to woo the Indian Navy by emphasizing that the aircraft would become a force multiplier because it could interface with the P-8I and other US-origin systems the service operates.

To sweeten the deal, Boeing also announced a roadmap to significantly increase its investments in line with the “Make in India” initiative and pledged to transfer cutting-edge technologies to Indian industry if the Super Hornet was selected. 

However, the Super Hornet had to dogfight with the French Rafale, a cutting-edge fighter for India’s carrier-borne aircraft tender.

In a tightly fought contest, both jets underwent extensive testing at a shore-based facility, including take-off trials from both ski-jump and catapult launchers. Both aircraft reportedly met the Indian Navy’s requirements, but the Rafale-M ultimately won.

Speaking to the EurAsian Times earlier, an ex-Indian Navy pilot who had flown both the Super Hornet and Rafale said both aircraft were extremely capable and on a level playing field. “The only issue I can think of is that the F-18 is a heavier aircraft, and the Rafale M is lighter. So, when it comes to arrested landing on the aircraft carrier, Rafale has more flexibility,” the naval aviator said at the time, requesting anonymity.

In this image released by the US Department of Defense, an F/A-18F Super Hornet launches from the flight deck of the world’s largest aircraft carrier USS Gerald R. Ford in the Eastern Mediterranean Sea, October 11, 2023. (Photo by Triniti Lersch / US Department of Defense / AFP) /

The Rafale-M shared a very high degree of commonality with the 36 Rafale jets operated by the Indian Air Force (IAF). This meant several parts, tools, and test equipment could be interchanged, and India could share ground-support systems, simulators, and diagnostic software.

Additionally, India had already established maintenance infrastructure, trained technicians, and supply chains for the IAF Rafales, which could support the Rafale-Ms.

The Navy would have assessed that Rafale-Ms would reduce costs by creating an inventory of maintenance facilities, spare parts, logistics, and potential future overhauls. Meanwhile, introducing the Super Hornet would require building an entirely separate support ecosystem.

In this scenario, the air force can familiarize itself with the Marine aircraft, while naval pilots can transition to the IAF’s twin-seat Rafales.

The  IAF is now poised to acquire 114 Rafale multi-role fighters, most of which will be manufactured locally. Therefore, one could argue that the decision to choose French jets for the Indian Navy may have been driven by the need for uniformity and interoperability, which are crucial in fast-paced conflict zones.

A secondary factor could have been the Infrared Search and Track (IRST) system, which provides a stealthy advantage in detecting and engaging threats, including potential low-observable aircraft. The Rafale-M came with an integrated IRST, whereas the Super Hornet Block III lacked one, although Boeing offered a podded solution.

Moreover, the Meteor beyond-visual-range air-to-air missile on the Rafale also offered superior standoff capability compared to the Super Hornet’s AIM-120 AMRAAM.

More importantly, however, strong defense ties between India and France, smoother government-to-government negotiations even in past deals, the potential for indigenous weapons integration, and the presence of French fighter jets in the IAF played a crucial role in the decision.

India has never acquired US fighter jets for several reasons, including export controls and restrictions on their use.

Despite its best efforts to market the Block III jet to potential customers such as Canada, Finland, Germany, Poland, and Switzerland, Boeing failed to secure any new contracts and kept losing out to rivals such as Saab Gripen, Dassault Rafale, and the Lockheed Martin F-35.

 

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As Rival Gets F-35 & Rafale Jets — Turkey Turns to Qatar for Eurofighter Typhoons to Boost its Air Force

23 October 2026 at 02:48

Last year, Turkey signed a deal for 20 new Eurofighter Typhoons after a long and grueling campaign to bolster its aging Air Force. Now, it is looking to strike another deal—this time with Qatar to buy its surplus Typhoon jets.

In its weekly media briefing on October 22, Rear Adm. Zeki Aktürk, the chief spokesperson of the Turkish Ministry of Defense (MoD), said Turkey is keen to finalize an agreement with Qatar to purchase its used Eurofighter combat aircraft. 

“Efforts are ongoing to procure Eurofighter Typhoon aircraft from Qatar to meet the operational needs of our [Turkish] Air Force Command,” he stated. “Within this framework, inter-delegation meetings held in August and September addressed the scope of aircraft and ammunition to be procured, the training of pilots and maintenance personnel, and technical and logistical support for the maintenance and operation of the aircraft.”

Although Qatar has not officially confirmed whether it was looking to sign a deal, the Turkish Defense Ministry said, “It is expected for Qatar to prepare the draft training program and the sales contract to be sent to our country.”

Turkey signed a deal in October 2025 to buy 20 Eurofighter Typhoon combat jets from the United Kingdom, a major step in its bid to modernize its air force.

After the deal was announced, President Recep Tayyip Erdoğan said he was exploring purchasing surplus Eurofighters from both Qatar and Oman. The UK deal allowed Turkey to buy Eurofighters from other operators, but through a separate contract.

Currently, Erdogan seems particularly focused on Qatari Eurofighters because they are reportedly more advanced than Oman’s.

File:RIAT 150723 Qatari Eurofighter.jpg - Wikimedia Commons
Qatari Eurofighter- Wikimedia Commons

It is currently not clear how many Eurofighters Turkey is seeking from Doha. However, previous reports hinted that Turkish Defense Minister Yaşar Güler and Air Force Commander General Ziya Cemal Kadıoğlu visited Doha in October last year to negotiate a deal for 12-24 Tranche 3A Eurofighters.

Qatar currently operates 24 Eurofighter Typhoon Tranche 3A aircraft and has ordered an additional 12 Tranche 4s for the Qatar Emiri Air Force (QEAF).

Theoretically, Qatar could transfer 12 of these existing jets to Turkey, giving it a ready-made batch that would equip a squadron. Besides Eurofighters, Qatar also operates about 48 F-15QAs and about 36 Rafales.

Turkey and Qatar have strong bilateral defense ties that have deepened significantly since the early 2010s. In fact, military ties are the backbone of the relationship, with Qatar hosting 3,000 Turkish soldiers at a military base in Tarqiya, Qatar.

Turkey To Close Capability Gap With Eurofighter

Turkey has been eager to secure surplus QEAF Eurofighter Typhoons to bolster its Air Force, which currently relies on an aging F-16 fleet.

The Turkish Air Force has come under immense pressure in recent years, especially after Ankara was expelled from the F-35 consortium in 2019 and sanctioned under CAATSA (Countering America’s Adversaries Through Sanctions Act) for buying the Russian S-400 air defense.

The sanctions also made upgrading and sustaining the F-16C/D fleet harder, more expensive, and more complicated.

At the same time, Turkey’s arch-nemesis, Greece, has acquired 24 Rafale and signed a contract for 20 F-35 Lightning II stealth fighters amid rising regional tensions with Ankara, particularly over the Aegean Sea. This power vacuum has put Ankara in a tough spot.

Turkey is now upgrading its F-16 fleet to counter Greek F-16s, pushing to purchase F-35s to counter Greek F-35s, and acquiring the Eurofighter Typhoon to rival the Greek Rafale.

Ankara has also advanced work on its own fifth-generation aircraft, the KAAN.

However, developing a fifth-generation fighter requires years of testing, software development, weapons integration, and pilot training. Moreover, the Turkish Air Force would receive the first jet only in 2028, and it would take much longer to reach operational maturity and even longer to field a substantial number of these jets.

Meanwhile, the Turkish administration is lobbying the United States to authorize an F-35 sale to Ankara and is actively pursuing a strategy to divest itself of its Russian-made S-400.

Last month, President Erdogan said Ankara could regain access to the stealth fighter, adding that he expects Washington to take “concrete” steps toward Turkey’s return. “US President Donald Trump expressed a positive willingness regarding Turkey’s return to the F-35 program,” the Turkish President stated at the time.

File Image

While both KAAN and F-35 will change the region’s security landscape by adding teeth to Turkish air power, their arrival is not imminent.

This makes buying second-hand Eurofighter Typhoons more significant for Ankara. 

Eurofighter Typhoon is a twin-engine, 4.5th-generation multirole aircraft. It is extremely agile, making it a very powerful dogfighter. The aircraft has a reduced radar cross-section, AESA radar, sensor fusion, advanced avionics, and supercruise capability.

“The Eurofighter Typhoon is the world’s most advanced swing-role combat aircraft,” the Airbus website states. “No other fighter has integrated such a large number of European and US weapons, making it combat-ready for any mission.”

The aircraft is designed for high-performance aerial combat, combining powerful engines, advanced sensors, and a high rate of climb with the ability to carry modern air-to-air missiles, such as the Meteor.

Acquiring the Typhoons from Qatar could help bridge the capability gap until new-build Eurofighters arrive.

Furthermore, Qatar’s aircraft could also give Turkey valuable experience with the Eurofighter platform before more aircraft arrive. Turkish pilots and maintenance crews would need training, while engineers would have to establish procedures for servicing the aircraft and supporting their weapons.

The Eurofighter would give Turkey another modern multirole fighter capable of conducting air-superiority missions, intercepting hostile aircraft, and carrying out precision strikes against ground targets.

It could be particularly useful for air patrols and missions over the Aegean, the eastern Mediterranean, and other areas where Turkey needs to maintain a strong air presence, even as it bolsters its air force with other cutting-edge fighters.

 

 

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