Denmark is buying two Boeing (BA) P-8 Poseidon maritime patrol aircraft to beef up its military presence in the Arctic and North Atlantic, the Danish Ministry of Defense announced Tuesday. The decision follows a recommendation from Denmark's chief of defense, Gen. Michael Wiggers Hyldgaard, and lands right as the NATO Summit kicks off in Turkey, where big weapons deals, defense production, and renewed support for Ukraine are expected to dominate the agenda.

“We must be able to defend all parts of the kingdom,” Hyldgaard said in the statement. “This also applies to the Arctic and North Atlantic areas. And we have an obligation to NATO to contribute to collective defense, not least in terms of delivering on force targets for anti-submarine warfare.” The P-8 will also boost Denmark's ability to conduct “interception and surveillance at very long distances,” he added.

The Danish Defense Command has opened an “investigation” into possible cooperation with other NATO allies on the fixed-wing aircraft program. That could mean a joint unit at one air base, with shared operations, maintenance, and training. Local broadcaster TV2 pegged the broader program at “tens of billions” of Danish kroner. Last September, Denmark said it was considering submarine-hunting patrol aircraft to improve surveillance around the Faroe Islands and Greenland, according to Reuters.

Defense Minister Jeppe Bruus said in a statement shared with Reuters that the aircraft would “significantly strengthen” Denmark's ability to enforce sovereignty and monitor the region, while helping meet NATO anti-submarine warfare targets. The U.S. State Department already approved a possible sale to Denmark of up to three P-8A aircraft and related equipment in December, with an estimated value of $1.8 billion.

The purchase also lands in a tense Arctic political moment. President Donald Trump has repeatedly called for U.S. control of Greenland, citing Russia and China, and has accused Denmark of not doing enough to protect the island and the wider Arctic. Danish and Greenlandic officials have rejected Trump's push to buy Greenland, with Denmark warning that any U.S. military move against the territory would strike at NATO itself.

On the market side, Boeing shares traded 3.41% higher at $234.22 in Tuesday's pre-market session. According to market data, Boeing stock currently has average Momentum and poor Value scores.