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Finland Inks $9.4 Billion Deal To Buy 64 F-35 Stealth Fighters

Finland plans to fully replace its aging fleet of F/A-18 Hornets with the stealth fighter by 2030, according to defense officials.

A magnet on the F-35 turbomachine includes cobalt and samarium alloy determined to be produced in China. [Courtesy: Department of Defense]
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Key Takeaways:

  • Finland has signed a $9.4 billion agreement with Lockheed Martin to purchase 64 F-35 Lightning II fighter jets, with deliveries expected between 2025 and 2030 to replace its aging F/A-18 Hornets.
  • The comprehensive deal includes the F-35A Block 4 configuration aircraft, engines, maintenance equipment, spare parts, and training for Finnish flying and technical personnel.
  • This acquisition strengthens Finland's national defense with NATO-compatible aircraft, allowing for greater military cooperation despite the country not being a NATO member.
  • Finland states the F-35 purchase is part of its long-term defense planning, distinct from current geopolitical tensions, and reaffirms its right to decide on future NATO membership.
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Finland has signed an agreement worth $9.4 billion to purchase 64 F-35 Lightning II fighter jets from Lockheed Martin (NYSE: LMT).

Finland’s Ministry of Defence signed a letter of offer and acceptance on February 11 for the aircraft and their maintenance services.

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