Defence

Boeing Secures $3.4 Billion Agreement for P-8A Poseidon Aircraft

Boeing has been given a $3.4 billion contract by the U.S. Navy to start producing 14 P-8A Poseidon aircraft for the Royal Canadian Air Force and three more P-8s for the German Navy.

Canada declared in November 2023 that it will replace its present fleet of CP-140 Auroras with the P-8A Poseidon. It is anticipated that the first P-8A for Canada will be delivered in 2026. Boeing’s economic ties to Canada through the P-8 acquisition have the potential to help Canadian industry and value-chain partners by creating over 3,000 jobs annually and contributing at least $358 million to the country’s GDP over a ten-year timeframe.

CAE, GE Aviation Canada, IMP Aerospace & Defence, KF Aerospace, Honeywell Aerospace Canada, Raytheon Canada, and StandardAero are the members of Canada’s Team Poseidon. The team expands upon the 81 Canadian suppliers of the P-8 platform and the over 550 suppliers from all provinces that support over 14,000 Canadian jobs and contribute to Boeing’s ~CAD $4 billion yearly economic impact to Canada.

Following the initial procurement of five P-8 aircraft in June 2021, Germany added three additional aircraft to bring the total number of P-8s for the German Navy to eight. The first aircraft will be delivered in 2025, to replace the country’s fleet of P-3 Orions.

In Germany, Boeing has partnered with ESG Elektroniksystem-und Logistik-GmbH and Lufthansa Technik to deliver systems integration, training, support and sustainment work that will bring the highest operational availability to fulfill the German Navy’s missions.

Presently, nine countries—the United States, Australia, India, the United Kingdom, Norway, New Zealand, Republic of Korea, Germany, and Canada—have 200 P-8s either in service or under contract.