$2.2-bil­lion con­tract for P-8 air­craft


Boe­ing, the US Navy, the Royal Aus­tralian Air Force and the United King­dom Royal Air Force will con­tinue mod­ernising global mar­itime pa­trol ca­pa­bil­i­ties through a $2.2-bil­lion con­tract awarded on March 30 for at least 17 P-8A Po­sei­don air­craft.

The agree­ment also in­cludes op­tions for 32 ad­di­tional air­craft, as well as money for long-lead parts for fu­ture or­ders. Af­ter ex­er­cis­ing all op­tions, the to­tal con­tract value will be $6.8 bil­lion. This com­pre­hen­sive award re­flects a com­mit­ment by Boe­ing and the Navy to achieve pric­ing and pro­duc­tion sta­bil­ity, two keys of suc­cess­ful pro­gramme per­for­mance.

“The P-8A is a text­book ex­am­ple of Boe­ing’s com­mer­cial de­riv­a­tive ex­per­tise,” said Jamie Burgess, Vice Pres­i­dent of Boe­ing Mil­i­tary Air­craft’s Mo­bil­ity, Sur­veil­lance and En­gage­ment divi­sion and the P-8 pro­gramme man­ager. “Ev­ery day our cus­tomers get to fly in­cred­i­ble air­craft that per­form ex­cep­tion­ally well and are built by the best of Boe­ing.”

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.