Several companies with manufacturing and assembly plants in Canada, including in B.C., will benefit from a $4.6 billion (US$3.4 billion) contract awarded to Boeing (NYSE: BA) to build 14 new P-8A Poseidon aircraft for the Canadian Air Force and three for the German Navy.
The P-8A Poseidon is a maritime and reconnaissance aircraft with anti-submarine and anti-surface warfare capabilities.
The 14 Poseidons that Canada has ordered are to replace Canada’s CP-140 Aurora maritime patrol aircraft. The cost of the Poseidon acquisition program is an estimated $10.4 billion.
Boeing expects to deliver the first P-8A Poseidon to Canada in 2026.
“With the P-8 acquisition, Boeing’s economic commitments to Canada have
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