Australian Industry Secures $5B in Global F-35 Contracts

Australian industry has reached a major milestone in the global F-35 fighter jet program, securing more than $5 billion in contracts.

Over 75 Australian companies have contributed to the program through component manufacturing, supply chain services, and ongoing sustainment efforts.

The Defence Department confirmed the achievement this week, highlighting the growing role of local businesses in supporting one of the world's most complex combat aircraft. According to Defence, these contracts cover critical systems including avionics, propulsion components, and maintenance support.

Australia has committed to 72 F-35A Lightning II aircraft, stationed across RAAF Base Williamtown and RAAF Base Tindal, with a training squadron also located at Williamtown. The first aircraft entered Australian service in 2018, and the first squadron became operational in 2021. All deliveries are expected to be completed by the end of 2024.

The contracts are in line with the Defence Industry Development Strategy, which aims to grow Australia’s industrial base and expand access to global supply chains. The involvement of Australian firms is expected to deliver long-term economic benefits and improve local workforce capabilities.

The F-35 contracts offer broader export potential for Australian companies, especially in maintenance, upgrades, and parts manufacturing. The agreement includes an option for 28 additional aircraft, but no decision has been made on that front.