U.S. Pentagon announces its largest-ever contract for Lockheed's F-35 fighters

On October 29th, 2019, the U.S. Pentagon announced that it had inked a $34 billion contract with Lockheed Martin for the next generation of Lockheed's F-35 fighter jet. The order from the U.S Department of Defense is for 478 jets - the biggest deal to date between the two sides. The Pentagon's acquisition head Ellen Lord has called the deal a "historic milestone", and Lockheed's F-35 program head Greg Ulmer credits "smart acquisition strategies, strong government-industry partnership and a relentless focus on cost reduction".

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