Report: Israel to Purchase 17 More F-35s Under Potential $2B Deal

Israel has signed an agreement with the U.S. government and Lockheed MartinÂ (NYSE: LMT) to buy an additional 17Â F-35 fighter jets worth approximately $1.7 billion, The Times of Israel reported Sunday.

Israel’s defense ministry said Lockheed is slated to deliver the new batch of 17 F-35s by December 2024 after the country’s initial order ofÂ 33 aircraft is completely shipped off in 2021.

The ministry added theÂ U.S. government negotiated with Lockheed to reduce the cost of the fighter aircraft to less than $100 million per unit, the report noted.

The Israeli air force currently owns five F-35s and expects to declare the aircraft as operational in 2018.

Contract Awards

Lockheed Selected for Israel’s $279M Military IT Upgrade; Robert Eastman Comments

Lockheed Martin (NYSE: LMT) has partnered with Bynet Data Communications for a potential $279 million multiple-award contract to modernize the Israeli Defense Ministry’s military intelligence headquarters, the World Tribune reported Sunday. Citing a report from Globes, the publication reports LB Negev, a joint venture of Lockheed and Bynet, will join four other teams that will work to upgrade