Hello, Guest!
  • Sunday, December 22, 2024

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.

Video of the Day

Related Articles

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week Financial Reports

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week

Executive Mosaic’s GovCon Index advanced 1.08% before the weekend and averted a third consecutive losing week. The index, which tracks the stock performances of 30 major government contractors, ended at $4,786.97 for a 0.13% week-on-week gain. Wall Street concluded the week with a tech sell-off, and only the Dow Jones Industrial Average (+0.01%) yielded a gain.

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024 Financial Reports

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024

Executive Mosaic’s GovCon Index ended the week with a 2.36% loss following the 0.8% drop Friday to $4,780.55. The index, which tracks the stock performances of 30 major government contractors, has fallen 3.04% since the start of April. Wall Street saw a broad market selloff due to the escalating conflict between Iran and Israel. All the major

Boeing Secures $112M Navy Order for F/A-18E/F Block III, E/A-18G Aircraft Equipment Contract Awards

Boeing Secures $112M Navy Order for F/A-18E/F Block III, E/A-18G Aircraft Equipment

Boeing (NYSE: BA) has booked a $111.9 million undefinitized firm-fixed-price order from the U.S. Navy to manufacture and deliver avionics long lead time parts and spares in support of the F/A-18E/F Block III and E/A-18G aircraft. The Department of Defense said Thursday the award, which was made against a previously issued basic ordering agreement, supports