By Doug Cameron 

Lockheed Martin Corp. said Tuesday that Turkey had committed to buy two F-35A Joint Strike Fighter jets as part of a delayed order expected to be consummated in 2016.

Turkey's defense ministry also said in a statement that it still planned to buy 100 of the advanced jets, retaining its role as one of the F-35's largest export customers.

Lockheed and the Pentagon need export buyers to maintain or expand their planned purchases to support a production increase that is central to lowering the cost of the F-35.

While existing F-35 partners such as Australia have recently ordered the jet, some deals have been for smaller numbers than originally indicated.

Turkey had previously delayed its formal order by two years, and the defense ministry said the planned deal for two aircraft would come in the 10th batch that will be negotiated by the Pentagon on behalf of U.S. services and overseas customers in 2016, with deliveries two years later.

Overseas orders are tied in part to work on the $392 billion F-35 program, with around 30% of the jet by value built outside the U.S., including by Turkish contractors. The defense ministry said it was looking to establish a final assembly and delivery line in Turkey--as well as a maintenance center--for the jet's F-135 engine, which is built by the Pratt & Whitney unit of United Technologies Inc.

Write to Doug Cameron at doug.cameron@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Lockheed Martin (NYSE:LMT)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Lockheed Martin Charts.
Lockheed Martin (NYSE:LMT)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Lockheed Martin Charts.