Boeing lands contract for 12 more P-8 spy planes

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

Boeing (NYSE:BA) has been awarded an initial $296M contract to buy parts needed for 12 more P-8A spy planes, including eight for the U.S. Navy and four for the government of Australia.

The aircraft will replace the U.S. Navy's P-3 spy planes, which have been in service for more than 40 years.

Boeing previously won a $2.1B contract in February from the Navy to build the first batch of 16 P-8A Poseidon spy planes.