Canada Finalizes Deal to Acquire Up to 16 Boeing Maritime Patrol Aircraft
November 30 2023 - 2:07PM
Dow Jones News
By Paul Vieira
OTTAWA--Canada said Thursday it entered into a formal pact with
Boeing to acquire as many as 16 of the company's maritime patrol
aircraft.
Canada will pay up to 10.4 billion Canadian dollars, the
equivalent of $7.6 billion, for the planes and associated parts,
officials said. The Boeing's Poseidon P-8A aircraft will eventually
replace an ageing fleet of Lockheed CP-140 Aurora.
Delivery of the Boeing aircraft should begin in 2026, with an
average of one plane per month. All the planes are expected to be
delivered as early as the fall of 2027.
Defense Minister Bill Blair said the Aurora aircraft have been
in service since 1980, and are "becoming increasingly difficult to
support, expensive to sustain and less suited to operating in
today's threat environment."
In June, the U.S. State Department approved the possible sale of
the Boeing aircraft to Canada. Blair said the new Boeing aircraft
will help Canada meet its obligations under the North Atlantic
Treaty Organization and North American Aerospace Defense
Command.
Write to Paul Vieira at paul.vieira@wsj.com
(END) Dow Jones Newswires
November 30, 2023 13:52 ET (18:52 GMT)
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