Core Viewpoint - The U.S. government is showing interest in Lockheed Martin's "fifth-generation-plus" concept for the F-35 stealth jet, which aims to incorporate advanced technologies previously developed for a failed sixth-generation fighter bid [1][10]. Group 1: Government Engagement and Interest - Lockheed Martin's CEO, Jim Taiclet, indicated that there is active engagement with the Department of Defense regarding the upgraded F-35, with expectations for discussions to reach the White House soon [1][13]. - Taiclet noted that while there is no contract yet, the upgraded F-35 could achieve near sixth-generation capabilities over time if it remains under the Pentagon's current approved plan [1][10]. Group 2: Technological Advancements - The proposed technology for the new jet includes stealth coating, improved weapons, and a more advanced engine, which are characteristic of sixth-generation systems [2]. - The company aims to update the F-35 to match 80% of the capabilities of Boeing's sixth-generation F-47 fighter at half the cost [9]. Group 3: Market Position and Financial Implications - The new jet is expected to be considerably lower-cost than a sixth-generation fighter, potentially undermining the rationale for purchasing Boeing's F-47 [3]. - Following the loss of the sixth-generation fighter bid to Boeing, Lockheed Martin's shares dipped but have since risen approximately 8% [3]. Group 4: Future Projections - Taiclet projected that the U.S. could have around 1,000 to 1,500 fifth-gen-plus capable F-35s in the future, as two-thirds of the 2,300 ordered F-35s are intended for the U.S. and could be upgraded with sixth-generation technology [12]. - The sixth-generation F-47 is expected to be operational by the end of 2029, according to the U.S. Air Force chief of staff [14].