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U.S. Navy Orders More of Boeing's Poseidon Jets
The Wall Street Journal (online registration required): The U.S.Navy agreed to buy 16 more Boeing Co. BA -2.17% P-8A Poseidon jets as part of a $2.1 billion deal that marks a move to full-rate production for the surveillance and anti-submarine aircraft.
The deal announced by the Pentagon Tuesday increases the Navy's order to 53 jets as it exercised options as part of a broader agreement that would see the service take up to 117 of the aircraft, a heavily-modified version of its best-selling 737-800 passenger plane.
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