Top 3 Marijuana Stocks That Could Surge in 2024

The demand for cannabis is growing on a global scale. With legalization and decriminalization happening all around the world, many analysts and investors believe that marijuana will be a growing industry in the next decade. Get the latest report on 3 pot stocks set to take off in 2024!

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Boeing Bags $3.4B US Navy Contract For Poseidon Aircraft

Shivani Kumaresan
March 01, 2024

The U.S. Navy has awarded Boeing Company (NYSE:BA) a $3.4 billion contract to manufacture P-8A Poseidon aircraft for the Royal Canadian Air Force and three additional P-8s for the German Navy.

In November 2023, Canada announced its decision to acquire the P-8A Poseidon to replace its current fleet of CP-140 Auroras. The first P-8A for Canada is expected to be delivered in 2026.

The first P-8A for Canada is expected to be delivered in 2026. Boeing’s economic promises to Canada so far have the potential to generate annual benefits of more than 3,000 jobs for Canadian industry and value-chain partners.

Also ReadBoeing Faces $51M Penalty For Arms Exports Violations To China, Russia

Germany has added three additional aircraft since the initial procurement of five P-8 aircraft in June 2021, bringing the total number of P-8s for the German Navy to eight.

The first aircraft will be delivered in 2025, to replace Germany’s fleet of P-3 Orions.

“The Poseidon is a proven aircraft, with more than 600,000 flight hours, that will serve Canada and Germany well in today’s challenging security environment and for decades to come,” said Philip June, vice president and program manager, P-8A program.

Also ReadBoeing On The Clock: 90 Days To Avoid Penalties After FAA Safety Ultimatum

Price Action: BA shares are trading higher by 0.14% at $204.00 in premarket on the last check Friday.

Photo Courtesy: Tada Images On Shutterstock.com

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