What do you think of Boeing MMA? Does it really have a future? Or is it
likely that the whole project will be cancelled in the near future in favour
of a P-3C refurbishment program (re-winging, engine overhauls and structure
program)?

A lot of rumours are currently going around on this subject and from a
"money saving" point of view I guess it wouldn't be very surprising if
operational life time will be added to the current P-3C fleet... the costs
(USD 15 million per aircraft) are peanuts when compared to the Boeing MMA...

Regards,
Marco