Navy Seeking to Buy 72 Boeing Poseidon ISR Planes

BoeingLogoThe U.S. Navy is seeking authority from the Defense Department and Congress to buy 72 Boeing-made (NYSE: BA) P-8 Poseidon planes under a five-year order, FlightGlobal reports.

The Navy has purchased 24 of the ISR planes (intelligence, surveillance and reconnaissance) as of November, when the company won a $1.9 billion contract to provide the branch 11 planes.

According to FlightGlobal, the Navy wants to designate the Poseidon acquisition program as a multi-year procurement for the last five years, fiscal years 2015 through 2019, rather than an annual purchase.

Zach Rosenberg writes the Pentagon frequently requires a minimum 10 percent price discount and production system stability in order to grant the multi-year authority.

Poseidons will work with nearly 60 Northrop Grumman-made (NYSE: NOC) MQ-4C Triton drones, which Rosenberg writes will help guide Poseidons to targets.

Check Also


SAIC Awarded TSA Test & Evaluation Support BPA

Science Applications International Corp. (NYSE: SAIC) has been awarded a potential $40M blanket purchase agreement for operational test and evaluation services to the Transportation Security Administration, according to an award notice posted Thursday.

US Air Force

Air Force Selects Boeing, Lockheed, Raytheon Technologies for Hypersonic Cruise Missile Tech Design Program

The U.S. Air Force has indicated its intent to solicit design proposals from Boeing (NYSE: BA), Lockheed Martin (NYSE: LMT) and Raytheon Technologies (NYSE: RTX) for a hypersonic cruise missile technology that can be launched from a fighter or a bomber aircraft.