Arlington, Virginia, November 30, 2023, PRNewswire – The Government of Canada has signed a Foreign Military Sales Letter of Offer and Acceptance for up to 16 Boeing (NYSE: BA) P-8A Poseidon aircraft, as part of the Canadian Multi-Mission Aircraft (CMMA) project. Canada joins eight defense partners, including all of the FIVE EYES allies, the intelligence alliance that also includes the United States, United Kingdom, Australia and New Zealand, and becomes the fifth NATO nation to have selected the P-8 as its multi-mission aircraft. First delivery is expected in 2026.
The P-8 is the only proven, in-service and in-production solution that meets all CMMA requirements, including range, speed, endurance and payload capacity. This decision will benefit hundreds of Canadian companies, and bring decades of prosperity to Canada through platform sustainment delivered by our Canadian industry partners.
The P-8 acquisition will generate benefits of nearly 3,000 jobs and $358 millionannually in economic output to Canada, according to a 2023 independent study by Ottawa-based Doyletech Corporation.
Team Poseidon forms the cornerstone of Boeing’s P-8 Canadian industry partnership, consisting of CAE, GE Aviation Canada, IMP Aerospace & Defence, KF Aerospace, Honeywell Aerospace Canada, Raytheon Canada, and StandardAero. The team builds on the existing 81 Canadian suppliers to the P-8 platform and to more than 550 Boeing suppliers across all provinces contributing to the company’s annual ~CAD $4 billion in economic benefit to Canada, supporting more than 14,000 Canadian jobs.
Forward-Looking Statements
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