Pentagon and Lockheed Martin agree on a 10-year F-35 framework

Minimum US order over ten years

850 F-35 jets

The Pentagon says the framework guarantees at least 850 jets for the US over ten years, out of 1,560 built for the US and international customers.

Lockheed Martin will build 156 jets a year and invest at least US$7 billion of its own money in the program. The deal also covers spare parts and maintenance of the global fleet.

The deal is only a framework: it needs approval and funding from Congress, and no price has been announced.