Several companies with manufacturing and assembly plants in sa国际传媒, including in sa国际传媒, will benefit from a $4.6 billion (US$3.4 billion) contract awarded to Boeing (NYSE: BA) to build 14 new P-8A Poseidon aircraft for the Canadian Air Force and three for the German Navy.
The P-8A Poseidon is a maritime and reconnaissance aircraft with anti-submarine and anti-surface warfare capabilities.
The 14 Poseidons that sa国际传媒 has ordered are to replace sa国际传媒’s CP-140 Aurora maritime patrol aircraft. The cost of the Poseidon acquisition program is an estimated $10.4 billion.
Boeing expects to deliver the first P-8A Poseidon to sa国际传媒 in 2026.
“With the P-8 acquisition, Boeing’s economic commitments to sa国际传媒 have the potential to generate annual benefits of more than 3,000 jobs for Canadian industry and value-chain partners, and at least $358 million to sa国际传媒’s gross domestic product over a 10-year period,” Boeing said in a news release.
As BIV reported last year, when the Poseiden aquisition plan was first announced, Boeing expects to spend $2.5 billion in Western sa国际传媒, about $920 million of which would be spent in B.C
Companies in sa国际传媒 to benefit from contracts under the Poseidon building project include CAE, GE Aviation sa国际传媒, IMP Aerospace & Defence, KF Aerospace, Honeywell Aerospace sa国际传媒, Raytheon sa国际传媒, and StandardAero.
Some of these companies, including KF Aerospace, CAE and StandardAero, have maintenance or manufacturing or assembly plants in sa国际传媒 Last year, KF Aerospace Kelowna received an award from Boeing as a top supplier.
The new fleet of surveillance planes will be based in sa国际传媒 at 19 Wing Comox and in Nova Scotia at 14 Wing Greenwood.
KF Aerospace in Kelowna will be providing maintenance for the new Poseidons, said Matt Stone, communications director for KF Aerospace. He added that the company has worked with Boeing in the past, but only on civilian contracts.
"This is our first time partnering with them on a defence-related program, so this is really going to get our foot in the door with more opportunities for defence programs," Stone said.