BoeingÂ (NYSE: BA) has been awardedÂ a $235.3 million contract modification by the Naval Air Systems Command to obtain long-lead materials needed for the U.S. Navy‘s P-8A maritime aircraft program.
The modification covers parts, components and equipmentÂ that Boeing will need to produce and deliverÂ 11 full-rate production Lot IV P-8As, the Defense Department said Tuesday.
The NavyÂ Â is obligating the full amount at the time of award from fiscal 2016 aircraft procurement funds.
Boeing is scheduled to complete work under the new contract modification by January next year.
NAVAIRÂ awardedÂ a potential $2.5 billion modificationÂ to BoeingÂ in JanuaryÂ to exercise an option underÂ aÂ previously awarded contractÂ for the company to start work on 20 Lot III FRP P-8As for the U.S. Navy and Australia.
The Navy ordered an additional two P-8As as part of the third full-rate productionÂ batch throughÂ a separate $276 million contract modification awarded early last month.