Boeing, Airbus vie for U.K. maritime-patrol deal

|About: The Boeing Company (BA)|By:, SA News Editor

The U.K. needs to beef up its submarine hunting capabilities and Boeing (BA +0.3%) says it has a patrol aircraft that's a "natural fit."

BA is pitching the P-8 (based on the 737), which is already in use by the U.S.

For its part, Airbus (EADSF.PK -2.1%) is pushing a variant of the C-295 airlifter which a company official says would have a cost advantage over competitors.

Lockheed Martin (LMT +0.3%) may also be in the running, with a system derived from its C-130 transport plane.