Lockheed Martin nears $24.3 billion Saudi F-35 sale, marking major policy shift

The U.S. State Department approved a potential $24.3 billion Foreign Military Sale to Saudi Arabia. This package includes 48 F-35 Lightning II fighter jets and 49 Pratt & Whitney engines. The Defense Security Cooperation Agency notified Congress of the possible deal on September 17, 2026.

This approval signals a significant policy shift following years of Saudi requests for the advanced aircraft. Lockheed Martin serves as the prime contractor for the massive long-term order. The deal remains subject to Congressional review and potential scrutiny before finalization.

A finalized sale would provide substantial revenue visibility for the U.S. aerospace and defense sector. The agreement carries major geopolitical implications for Middle Eastern stability and American defense exporters.