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Wednesday, December 24, 2008

Boeing Navy P-8 Jet Faces $900 Million Budget Cut

Boeing Co.’s new Navy P-8 patrol aircraft for spotting enemy submarines and ships faces a cut of more than $900 million in the Defense Department’s proposed fiscal 2010 budget in order to pay for a new warship, according to budget documents.

Deputy Defense Secretary Gordon England, in an Oct. 31 budget memo, approved shifting away as much as $940 million to complete payment for a new DDG-1000 destroyer that Congress partially funded this fiscal year.

The ship is the last of three the service says it will buy from Northrop Grumman Corp. and General Dynamics Corp.

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