Raytheon Wins P-8A Deal from Boeing

Boeing (NYSE: BA) awarded Raytheon (NYSE: RTN) a deal for development of six long-range, multimission maritime and overland surveillance radars for the P-8A Poseidon aircraft.

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“Our APY-10 radar will provide Boeing with advanced technology built on generations of successful Raytheon radar systems, ” said Tim Carey, vice president for Intelligence, Surveillance and Reconnaissance Systems. “We’re committed to providing reliable systems that keep our customers safe and help them achieve mission success.”

The P-8A is set to replace the P-3 aircraft and will be used for surveillance operations along the American coastline.

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