Red Bull signs Perez to 2-year extension

Red Bull Racing and driver Sergio Perez agreed to a two-year contract extension through the 2026 season, the team announced Tuesday.

"I want to thank everyone for all the trust they are putting in me, it is a lot and I want to pay it back with excellent results on track, and off track," Perez said in a team statement. "I think we have a lot of work to do, we have a lot more championships to win together."

The 34-year-old Mexican won five of his six F1 career wins at Red Bull. He also paired with three-time world champion Max Verstappen to help the team win the constructors' championship in 2022 and 2023.

Perez hasn't won a race this season but sits in fifth in the driver standings. His last victory was at the Azerbaijan Grand Prix in April 2023.