It means the grid will stay as it is currently for another five seasons.
Formula 1 have announced all 10 teams have signed a new deal to continue to participate.
Known as the Concorde Agreement, it ties all the current squads to the sport until the end of 2025.
Chairman and CEO Chase Carey says, combined with new rules in 2022, it's the start of a more competitive F1 with closer racing.
McLaren Racing confirms that it has become a signatory to the new Concorde agreement that will govern the sport through 2025, in doing so reaffirming the team’s long-term commitment to Formula 1. 🤝
— McLaren (@McLarenF1) August 18, 2020