Boeing lands part of Navy's Poseidon contract

Tuesday - 1/25/2011, 9:40am EST

Boeing has landed a big contract with the Navy, $1.53 billion, to build six Poseidon aircraft. The New Mexico Business Weekly reports that Boeing will deliver the six Poseidon, 737's "lethal twin" planes by January 13th. The Navy wants to buy 117 of the maritime and patrol aircraft which are designed to find and sink submarines that could threaten aircraft carriers. The whole deal is worth $40 billion.

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