FARNBOROUGH, England -- The British government announced two much-anticipated purchases of Boeing military aircraft on the first day of the Farnborough International Airshow, just weeks after a referendum vote to leave the European Union threw markets into tumult.
United Kingdom Defence Secretary Michael Fallon announced Monday that the Ministry of Defence had confirmed the purchase of nine P-8A Poseidon maritime patrol aircraft for the Royal Air Force and 50 AH-64E Apache attack helicopters.
According to U.K. officials, the cost to acquire, maintain and man the Poseidon aircraft, to be based at Scotland's Lossiemouth airfield, will be about $4 billion over the next decade. The contract for the 50 Apache aircraft is worth $2.3 billion, according to announcements.
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