After protracted political uncertainty, Canada, an original partner in the F-35 developmental program, has formally agreed to buy 88 of the fighters in a deal worth $15 billion U.S. The first aircraft will be delivered in 2026, with full operational capability between 2032 and 2034.
The latest F-35 deal between the government and Lockheed Martin calls for 398 of the fighters to be delivered across production Lots 15-17; nearly 100 fewer fighters than in the last three-lot deal. Meanwhile, unit costs will increase because the newer jets are more sophisticated, ...