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India Seeking Boeing’s P-8 Maritime Patrol & Reconnaissance Airplanes

By John F. Heerdink, Jr.
Reportedly, Boeing is poised to sign an exclusive contract in 2020 for 10 Boeing P-8 maritime patrol and reconnaissance airplanes after India’s Ministry of Defense approved the purchase. The purchase is reported to be worth up to $3 billion. India currently has a fleet of eight P-8s and ordered four more in 2016 which is expected to be delivered by 2020. As per reports, Indian Defense Minister Rajnath Singh is now awaiting for the acquisition approval through the Cabinet.
“Should the Indian Navy decide to increase their fleet, we are ready to support their needs. The P-8 provides the world’s most advanced anti-submarine warfare, anti-surface warfare, and armed intelligence, surveillance, and reconnaissance capabilities, with extremely high reliability,” stated Chick Ramey, Boeing spokesman.

Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. To learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing (BA) Coverage Page. Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. Stay Informed! Stay Competitive! Sign Up to receive FREE email updates here!
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