Canada reaches deal to buy Boeing surveillance aircraft for $5.9 billion

Canada and the United States have finalized a deal to buy up to 16 Boeing Poseidon aircraft as part of a C$10.4 billion ($7.7 billion) project to replace the country's aging fleet of Aurora military surveillance planes, the Canadian Defence Ministry said on Thursday. The investment includes up to $5.9 billion for P-8A Poseidon aircraft and related equipment, with the balance going toward investments in simulators, infrastructure and weapons, the ministry said in a statement. Ottawa had reached out to Washington in March about potentially buying Poseidons, arguing that Boeing's aircraft was the only "currently available" one to meet all its requirements.