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Navy Proposes Multi-Year for P-8 Production

The P-8 is the new maritime patrol and anti-submarine aircraft developed for the U.S. Navy. It will replace the venerable P-3 Orion aircraft that have been in service for almost 50 years. It is based on a Boeing (BA) 737 commercial airliner. The program is currently in low rate production for the Navy as well as India.

The most recent production order was placed earlier this year for 11 aircraft from the FY12 budget.

Now the Navy has asked for the authority to utilize a multi-year contract for the procurement of 72 aircraft. This contract could be worth well over $10 billion. It would support FY15-19 production indicating there would be two more annual orders placed in FY13 and FY14.

Normally large aircraft programs transition to a multi-year once production is at a steady state and the service has received approval of full rate production. The Navy believes that by FY15 these conditions will be met and a multi-year is the most effective way to buy the aircraft.

The Navy also operates the 737 in transport and command and control configurations.

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