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<p>We welcome the announcement of the agreement between the Pentagon and Lockheed
Martin for the delivery of a further 478 F-35 Lightning aircraft across the international
programme. Once formally finalised and on contract, it should deliver the lowest aircraft
prices on the F-35 programme to date.</p><p>The Ministry of Defence's current approval
is for the delivery of the Tranche 1 fleet of 48 F-35B aircraft, which are all expected
to be delivered by 2025.</p><p>Decisions on subsequent tranches and aircraft variant
will be taken at the relevant time to ensure the most appropriate capability for our
Armed Forces and best value for money.</p>
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