Boeing Gets $416M Contract Modification for Full-Rate Navy Maritime Aircraft Production, Delivery

Boeing (NYSE: BA) has secured a $102.7 million contract modification to help the U.S. Navy modernize the anti-submarine warfare capabilities of its P-8A maritime patrol and reconnaissance aircraft fleet. The company will produce and deliver 10 P-8A Increment 3 retrofit A-kits and three retrofit kit A-kit installs to the service branch under the modification awarded against a previously issued basic ordering agreement.

The State Department has approved Germany’s request to procure five Boeing-built (NYSE: BA) P-8A Poseidon maritime surveillance planes from the U.S. government through a potential $1.77 billion foreign military sale transaction. The German government asked to buy P-8As to replace its current fleet of Lockheed Martin-made (NYSE: LMT) P-3C Orion aircraft, the Defense Security Cooperation

Boeing (NYSE: BA) has received a $326.3M delivery order to develop Increment 3 Block systems for the P-8A Poseidon maritime patrol aircraft in support of the U.S. Navy and Australia. The cost-plus-fixed-fee order falls under a previously awarded basic ordering agreement and covers development, integration and testing services, the Department of Defense said Tuesday. Boeing will