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
Already have an account? Log in
Want to keep reading this article?
Read this Article
Get access to this article with a Free Basic Account
- Original curated content, daily across air, land and naval domains
- 2 free store ies per week
- Daily news round-up email service
- Access to all Decisive Edge email newsletters
Unlimited Access
Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.
- Original curated content, daily across air, land and naval domains
- 14-day free trial (cancel at any time)
- Unlimited access to all published premium news
Related
UK job vacancies plunge to 4-year low, but wages remain…
British employers advertised the fewest jobs for the month of January in four years last month but salaries continued to rise strongly, according to figures pub
Only 1% of UK workers off sick find jobs within…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Only 1 per cent of people out of th
Stonewall jobs at risk after Trump’s foreign aid cuts
Stonewall has 114 employees, according to the UK charity commission website, external.The charity's largest funder in recent years has been the Global Equality
Starbucks senior staff get harsh WFH update as chain announces…
By ALICE WRIGHT FOR DAILYMAIL.COM Published: 14:03 GMT, 24 February 2025 | Updated: 16:31 GMT, 24 February 2025
