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Market Chatter: Lockheed Martin's F-35 Set for Higher Purchases by US Air Force, Navy

-- Lockheed Martin's (LMT) F-35 fighter jet will see higher purchases by the US Air Force and Navy over the next five years, Bloomberg reported Friday, citing projections.

The Air Force plans to increase its purchases from 38 jets next year to 42 in fiscal 2028, 46 in 2029, and 48 in both 2030 and 2031, according to the report.

The Navy and Marine Corps intends to purchase 47 jets next year, up from 23 this year, and plans to buy 43 jets in 2028 and 38 or fewer each year from 2029 to 2031, the report said.

The increased quantities are part of the administration's request to Congress to boost the defense budget by more than 40% to $1.5 trillion, but the proposal is facing resistance from both conservatives and Democrats, Bloomberg said.

Lockheed Martin did not immediately respond to a request for comment by.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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