Boeing (BA) Wins $854.7 Million Navy Contract for P-8A Aircraft

Boeing Co. (NYSE: BA) secured an $854.7 million contract modification from the U.S. Navy on May 28, 2026, to produce additional P-8A Poseidon maritime patrol aircraft. The award exercises an option under an existing multiyear deal, supporting fleet expansion and modernization of long-range anti-submarine warfare and intelligence-gathering capabilities. Work will be performed at Boeing facilities in Seattle, Washington, and other domestic locations, with deliveries scheduled to conclude by late 2028. The contract highlights sustained defense demand for the P-8A platform, which is also operated by allied nations including the UK, Australia, and India.