Boeing (NYSE:BA) has developed a new medium-sized Maritime Surveillance Aircraft.

Boeing To Produce New Surveillance Plane

Boeing (NYSE:BA) announced that it is set to offer a medium-sized Maritime Surveillance Aircraft (MSA) to the global market.

MSA has been constructed on technologies developed for Boeing’s larger Intelligence, Surveillance and Reconnaissance (ISR) platforms. MSA provides a highly capable, low-risk and cost-effective ISR solution.

Tim Peters, Boeing (NYSE:BA) vice president and general manager, Surveillance and Engagement, said that, “The Boeing (NYSE:BA) Maritime Surveillance Aircraft directly applies advanced, proven and fielded capabilities from our P-8, Airborne Warning and Control System, and Airborne Early Warning and Control programs to solve our international customers’ maritime surveillance challenges. We’ve selected a preferred aircraft and are in discussions with a manufacturer about supplying and modifying their aircraft. Boeing (NYSE:BA) hopes to have an announcement on that element by the end of this year. 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.MSA brings everything we’ve learned about commercial derivative programs to another tier of the international marketplace”.

Boeing Co. (NYSE:BA) shares were at 71.52 at the end of the last day’s trading. There’s been a 3.7% movement 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