RTX - Israel to buy 25 more F-35 stealth jets from U.S. in $3B deal
2023-07-03 06:48:04 ET
Israel is set to purchase a third squadron of F-35 stealth fighters from the U.S. government in a $3-billion deal .
The 25 additional aircraft, produced by Lockheed Martin ( NYSE: LMT ), will expand Israel's fleet of F-35 jets by 50% to 75 jets.
The deal is set to be finalized in the coming months, Israel's defense ministry said . The purchase of the jets will be financed through a U.S. defense aid package.
Both Lockheed Martin ( LMT ) and Pratt & Whitney, a Raytheon Technologies ( RTX ) subsidiary, have committed to involving Israeli defense industries in the production of aircraft components.
The move to expand Israel's arsenal of stealth fighter jets comes at a time of growing tensions between Israel and Iran. Israel has previously used F-35 jets to shoot down Iranian drones.
More on F-35 deals
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U.S. State Dept clears sale of F-35 fighter jets to Czech Republic
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Lockheed Martin keeps working with U.S. military on F-35 upgrades
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German parliament clears purchase of 35 F-35 Lightning II jets
- Lockheed Martin Is A Beneficiary Of Geopolitical Tensions
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Israel to buy 25 more F-35 stealth jets from U.S. in $3B deal