Boeing Team Wins $3.89 Billion Multi-Mission Maritime Aircraft Program

ST. LOUIS, June 14, 2004 – The U.S. Navy has awarded the Boeing [NYSE: BA]-led industry team a $3.89 billion contract to build the Multi-mission Maritime Aircraft (MMA). The total program estimated value is approximately $15 billion over a 10-year production run.

The Boeing-led team, which includes CFM International, Northrop Grumman [NYSE: NOC], Raytheon [NYSE: RTN], and Smiths Aerospace [LSE: SMIN.L] will produce seven test aircraft during the program’s System Development and Demonstration (SDD) phase. Plans call for up to 109 aircraft to be purchased by the Navy to replace its aging fleet of 223 P-3 aircraft.

This is a big win for Boeing. It should include a few engineering jobs for Boeing too. I have heard estimates of 1200 or so with 300 being based in St. Louis. Very good news for those of us at Boeing!