Boeing wins $121 million Navy contract for P-8A upgrades

Investing.com - Boeing Co. (NYSE: BA) has been awarded a $121,195,041 contract by the U.S. Department of War for P-8A aircraft upgrades, the Naval Air Systems Command announced Monday.

The cost-plus-fixed-fee order covers procurement of nine retrofit A-kits with Increment Three Block Two Engineering Change Proposal Six capabilities. Six kits are designated for Navy P-8A aircraft and three for Royal Australian Air Force P-8A aircraft. The contract also includes three installations of retrofit A-kits and B-kits onto Navy P-8A aircraft, plus non-recurring engineering work to address diminishing manufacturing sources and material shortages.

Work will be performed in Jacksonville, Florida (80%), St. Louis, Missouri (11%), and Mesa, Arizona (9%). The project is expected to be completed in May 2029.

The contract will be funded through fiscal 2026 aircraft procurement funds totaling $92,809,039, fiscal 2024 aircraft procurement funds of $8,272,791, and Royal Australian Air Force funds of $20,113,211. The fiscal 2024 funds will expire at the end of the current fiscal year.

Naval Air Systems Command in Patuxent River, Maryland, is the contracting activity. The contract was not competed.

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