In 2001, Lockheed Martin (NYSE:LMT) won a stunning victory over its archrival in fighter jets, The Boeing Company. The Pentagon would award Lockheed Martin the right to build F-35 Joint Strike Fighters for the U.S. Air Force, Navy, and Marines (and for our allies) for the next 60 years.

Pundits predicted that Lockheed would reap immense rewards from these contracts: $1 trillion, $1.3 trillion, $1.5 trillion, or even more!

Or less.

Earlier this month, the same Pentagon that bestowed upon Lockheed a trillion-dollar franchise to build America's "last manned fighter" plane suggested it now may cut this franchise short, putting potentially trillions of revenue dollars at risk.

If you're a Lockheed Martin shareholder -- or even just a follower of the F-35 story in general -- you owe it to yourself to find out what's going on. In the short slideshow below, we'll lay it all out for you. Take a quick look now, and make sure to tune back in at the end for our special free report.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.