Boeing Wins $854.7 Mln U.S. Navy Contract Modification For P-8A Aircraft

Boeing was awarded an $854.7 million U.S. Navy contract modification for production and delivery of four P-8A Lot 13 aircraft for Foreign Military Sales customers. The award is a positive revenue addition for Boeing’s defense business and reinforces demand for the P-8A program. The news is material for Boeing specifically, but likely limited in broader market impact.

Analysis

Boeing was awarded an $854.7 million U.S. Navy contract modification for production and delivery of four P-8A Lot 13 aircraft for Foreign Military Sales customers. The award is a positive revenue addition for Boeing’s defense business and reinforces demand for the P-8A program. The news is material for Boeing specifically, but likely limited in broader market impact.