Veteran Formula 1 driver Fernando Alonso has extended his contract with Aston Martin, ensuring his presence on the grid through the 2027 season. The two-time world champion, who will turn 46 during the 2027 season, announced the decision on Tuesday, putting an end to speculation about his future in the sport. Alonso's teammate, Lance Stroll, has also extended his contract with the team, solidifying Aston Martin's driver lineup for the foreseeable future.

Alonso, who made his F1 debut in 2001, expressed his commitment and passion for racing, stating, "Racing is my life, my passion, and I know I still have the speed and determination to compete at the highest level." He acknowledged taking time to make the decision but ultimately believes in Aston Martin's long-term vision and potential. "I truly believe in what we are building: we have strong leadership, incredible people, partners and facilities," Alonso added.

The contract extension means Alonso will continue to extend his record for the most Formula 1 Grand Prix starts. While specific financial details of the new deal were not disclosed, reports suggest that Alonso's previous contract through 2026 had a base salary of $24 million per season.

Aston Martin team chairman Lawrence Stroll highlighted the value of retaining both drivers, stating, "Having two drivers with their level of experience, commitment and knowledge provides tremendous value to the whole organization." The team aims to win and believes this experienced pairing is crucial for achieving their long-term objectives.

Alonso has been vocal about his concerns regarding the current F1 car regulations, particularly the reliance on electrical power. However, he expressed trust in Aston Martin's development and the team's ability to adapt and improve, especially with new regulations set to be introduced. The team has been investing heavily in personnel and facilities, with figures like Andy Cowell and Adrian Newey joining the organization to bolster its technical capabilities.

Despite Aston Martin's struggles in recent seasons, including a seventh-place finish in the Constructors' Championship in 2025, the team is focused on steady gains and development. Alonso's continued presence signals a commitment to Aston Martin's ambitious project as they aim to climb the F1 hierarchy.