Canada Mulls Replacing Aging Aurora Aircraft Fleet With Boeing's P-8A Poseidon: Report

  • The Canadian government is reportedly exploring replacing its aging CP-140 Aurora aircraft fleet with 16 P-8A Poseidons from Boeing Co BA.
  • Canada has submitted a letter of request through the U.S. foreign military sales program about the Boeing aircraft, reported Reuters.
  • However, the letter as such is not a commitment to purchase the aircraft and is only at a' options analysis' stage.
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  • "Following engagements with industry and Canada's closest allies, the government has determined that the P-8A Poseidon is the only currently available aircraft that meets all of the Canadian Multi-Mission Aircraft operational requirements," the report quoted the Canadian government.
  • The report noted that the decision would be based on pricing, benefits, and availability.
  • Price Action: BA shares closed higher by 1.54% at $200.57 on Monday.

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