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The F-35s, made by US-based Lockheed Martin, were the highlight of the show, which marked 69 years of Israeli independence.
Israel has received the initial five jets since December with the aim of allowing it to maintain its military superiority in the turbulent Middle East, particularly regarding its arch-foe Iran.
It plans to purchase a total of 50 F-35s. Its first jets are to be operational this year.
While other countries have ordered the planes, Israel — which receives more than $3 billion a year in US defence aid — says it will be the first outside the United States with an operational F-35 squadron.
Among its main features are advanced stealth capabilities to help pilots evade sophisticated missile systems.
The single-pilot jets can carry an array of weapons and travel at a supersonic speed of Mach 1.6, or around 1,200 miles per hour (1,900 kilometres per hour).
The pilot's ultra-high-tech helmet, at a cost of about $400,000 each, includes its own operating system, with data that appears on the visor and is also shared elsewhere.
Thermal and night vision as well as 360-degree views are possible with cameras mounted on the plane.