Boeing Wins $1.9B For 11 More Navy Poseidon ISR Planes

U.S. Navy photo

Boeing (NYSE: BA) has won a $1, 904, 545, 643 contract modification to provide the U.S. Navy 11 P-8A Poseidon planes, the Defense Department announced Friday.

This award covers the third batch of low rate initial production planes and brings the total number of Poseidons purchased to 24, Boeing spokesman Chick Ramey told Reuters.

The company received an estimated $1.7 billion modification for seven Poseidons in November, the Navy’s second purchase under a larger plan to purchase 117 of the 737-based maritime surveillance planes.

Boeing delivered three Poseidons to a Navy air base in Jacksonville, Fla. earlier this year and Ramsey told Reuters the company will deliver two more planes by the end of the year.

Operational testing and evaluation of three planes started earlier this year and the Navy expects to start using Poseidons operationally by 2013, according to Reuters.

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