Boeing (NYSE:BA) has scheduled the development of a mini Poseidon spy plane.

Boeing To Develop Spy Plane

Boeing (NYSE:BA), the aerospace giant, has announced that it is planning to develop a medium sized Maritime Security Aircraft.

The spy plane will be “platform agnostic” and will be built to combat piracy, provide coastal and border security, enforce economic exclusion zones and patrol for illegal immigrants.

The U.S. Navy is set to buy 13 P-8 Poseidon anti-sub spy planes.

Tim Peters, Boeing (NYSE:BA) vice president and general manager, Surveillance and Engagement, said that, “The Boeing (NYSE:BA) Maritime Surveillance Aircraft showcases how Boeing (NYSE:BA) is meeting customers’ current and future needs by migrating advanced, mature technologies from one program into adjacent markets, even with non- Boeing (NYSE:BA) platforms”.

Boeing Co. (NYSE:BA) stocks were at 71.71 at the end of the last day’s trading. There’s been a 0.8% change in the stock price over the past 3 months.

Boeing Co. (NYSE:BA) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: Error
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: Error
Zack’s Rank: 5 out of 10 in the industry