The U.S. and the United Arab Emirates have signed an agreement for the UAE to buy 50 Lockheed Martin-built (NYSE: LMT) F-35 fighter jets and up to 18 drones, Reuters reported Thursday.

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R. Clarke Cooper, assistant secretary of state for political-military affairs, said the U.S. government is expected to sign a potential $23.37B deal for the sale of Lockheed Martin-built (NYSE: LMT) F-35 fighter jets, drones and other weapons systems to the United Arab Emirates before the Trump administration ends, Defense News reported Friday.

Naval Air Systems Command has awarded Lockheed Martin (NYSE: LMT) a $903.6M contract modification to obtain long-lead items, components and support services needed to build lot 16 F-35 jets for U.S. and international defense customers.

The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a two-year, $101.5M contract modification to perform F-35 Lightning II aircraft sustainment and day-to-day flight support work for the British defense ministry.

Lockheed Martin's (NYSE: LMT) aeronautics segment has received a one-year, $96.5M contract modification from the U.S. Navy to perform F-35 aircraft modification and reachback engineering work.

Raytheon Technologies' (NYSE: RTX) Pratt & Whitney subsidiary has received a one-year, $642M contract from Naval Air Systems Command to perform F-35 propulsion system logistics work for U.S. and foreign military sales customers.

The State Department has submitted notification to Congress stating the former’s intent to approve the United Arab Emirates’ $23.4B request for F-35 Lightning II fighter jets, MQ-9B Reaper unmanned aerial systems and associated munitions.

The State Department informed Congress it approved the United Arab Emirates’ request to buy 50 Lockheed Martin-built (NYSE: LMT) F-35 fighter jets under a potential $10B deal, Reuters reported Friday. The potential foreign military sales deal will move to an informal review by the House Foreign Affairs and Senate Foreign Relations committees.

The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a $138.8M contract modification to further develop a pilot training software to help align the F-35 fighter jet's aviation system with ongoing development efforts.