Boeing Awarded $1.6B to Build More P-8A Maritime Patrol Aircraft for US Navy, Australian Air Force

Boeing (NYSE: BA) has secured a potential $1.62 billion contract modification to manufacture nine P-8A Poseidon maritime patrol aircraft for the U.S. Navy and another two planes for the Royal Australian Air Force.

This award would bring the total number of total number of USN and RAAF P-8As under contract to 128 and 14, respectively, Boeing said Wednesday.

The Poseidon aircraft is a military variant of Boeing 737 and equipped with a pair of weapon stations on each aircraft wing and an in-flight refueling system.

Boeing added that the maritime patrol aircraft can carry up to 129 sonobuoys.

According to a Department of Defense notice, the Navy will initially obligate $1.32 billion in fiscal 2021 aircraft procurement funds and $7.6 million in foreign cooperative agreement funds on the modification.

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