Small Businesses Call on White House to Boost Next Generation Fighter Jet Funding in New Budget
M2 Global Technology joined manufacturers from coast-to-coast in urging the Biden administration to increase production of the F-35 Lightning II to 100 jets per year in the FY 2023 Department of Defense budget and Future Years Defense Plan. The letter follows a similar request from a bipartisan group of 89 members of the House of Representatives, led by Rep. Marc Veasey (D-TX) and Rep. Mike Turner (R-OH), co-chairs of the Joint Strike Fighter Caucus.
Suppliers told the President the F-35 gave the manufacturing sector, particularly small businesses, a “crucial lifeline” throughout the pandemic by supporting good jobs which boosted local economies across the country. An accelerated payments program to small and disadvantaged businesses from the Department of Defense and F-35 manufacturer Lockheed Martin helped many of these companies stay open. Today, the F-35 supports more than 254,000 jobs and injects over $49 billion in annual economic impact.