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Boeing Gets $3.9 Billion Navy Deal.
Knight Ridder/Tribune Business News, June, 2004
The Hartford Courant, Conn. Knight Ridder/Tribune Business News
Jun. 15--The Navy chose Boeing Co. Monday to provide the replacement for its aging fleet of submarine-hunting planes in a contract valued at $3.9 billion.
Boeing fought an intense competition with Lockheed Martin Corp., which offered a modern version of the its P-3 turboprop, the plane that now handles the mission.
That proposal would have had engines built by Pratt & Whitney Canada and propellers built by Hamilton Sundstrand.
Both companies are divisions of United Technologies Corp., although much of the work would have been done outside Connecticut.
The Hamilton propeller systems would have been designed, assembled and tested in the state, but the...
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