Lockheed Martin promotes F-35 as economic ‘catalyst’ ahead of UK budget
Lockheed Martin expects all remaining Tranche 1 F-35Bs to be delivered by the end of 2025. (Photo: UK Crown Copyright)
The company estimated a gross value add to the UK economy of £45.2 billion up to 2046, with the F-35 programme sustaining more than 20,000 UK jobs over its development, production, integration and maintenance.
Lockheed Martin has highlighted the strategic and economic importance of the F-35 within the UK, ahead of an informal showcase of its capabilities alongside other key partners in Team Lightning UK with government ministers and MPs.
The update from the US company came ahead of updated UK defence expenditure figures which will be expected to be published as part of the government’s budget announcement later this week. The UK’s governing Labour Party has committed to increasing defence spending to 2.5% of GDP, although defence spending cuts have been implied by ministers with no definitive timeline mapped out to achieve the 2.5% goal.
At present, Lockheed Martin claimed
Our news & analysis is now part of Defence Insight®
A Basic-level or higher Defence Insight subscription is now required to view this content.
More from Air Warfare
-
![V-22 Osprey safety upgrade moves towards wider fleet installation under $35.5 million deal]()
V-22 Osprey safety upgrade moves towards wider fleet installation under $35.5 million deal
Bell Boeing will supply 73 additional ODSSHI kits as NAVAIR prepares to introduce predictive drive-system monitoring across US and Japanese V-22 fleets.
-
![AFA 2026: USAF examines uncrewed cargo aircraft for contested logistics]()
AFA 2026: USAF examines uncrewed cargo aircraft for contested logistics
The US Air Force is evaluating demonstrators for uncrewed cargo missions as it considers logistics requirements across the Pacific and other contested environments.
-
![Europe risks losing control of CUAS production capacity as manufacturers look abroad]()
Europe risks losing control of CUAS production capacity as manufacturers look abroad
European counter-drone developers are securing early orders in the Middle East while slow domestic acquisition processes threaten to redirect production capacity, expertise and investment away from Europe.
-
![India’s rotary-wing capability gap grows as IMRH programme delays persist]()
India’s rotary-wing capability gap grows as IMRH programme delays persist
With IMRH and DBMRH potentially years from service, India faces a widening rotary-wing capability gap that could drive further foreign purchases even as HAL and Safran build the foundations of an indigenous successor.
-
![AFA 2026: Swarm Aero eyes 2027 Gamera flight as Textron/Merlin reveal SkyCourier UX]()
AFA 2026: Swarm Aero eyes 2027 Gamera flight as Textron/Merlin reveal SkyCourier UX
Two new uncrewed aircraft concepts target very different US military requirements, from massed long-range strike to autonomous logistics. Shephard spoke with executives from Swarm Aero, Textron Aviation and Merlin Labs at this year's AFA Air, Space & Cyber conference to learn more about their capabilities.
