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  • Thursday, April 25, 2024

Boeing Continues Poseidon Aircraft Production with $2B Contract

boeing logoBoeing (NYSE: BA) has won a $2 billion contract to build additional P-8A Poseidon maritime patrol aircraft for the U.S. Navy, Defense News reported Wednesday.

Christopher P. Cavas writes the project is for 13 low-rate initial production Lot IV aircraft and long-lead parts for 16 full-rate production Lot I aircraft.

Boeing will also provide 13 more mission equipment sets, according to the report.

Work on the new batch of aircraft will take place in Renton, Wash. and is part of a larger order for 117 P-8As, nine LRIP units of which are already with the Naval Air Systems Command.

Boeing completed the P-8A’s initial operational test and evaluation on July 1, Defense News said.

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