Boeing (BA -0.6%) has been awarded a $1.9B contract by the U.S. Navy for 11 P-8A Poseidon...

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

Boeing (BA -0.6%) has been awarded a $1.9B contract by the U.S. Navy for 11 P-8A Poseidon aircraft, boosting the total fleet to 24. BA has already delivered three of the production P-8As, which are based on the company's Next-Generation 737-800 commercial airplane, which has anti-submarine, anti-surface warfare and intelligence, surveillance and reconnaissance capabilities. The Navy has plans to purchase 117 P-8A Poseidon's to replace its aging P-3 Orion fleet.