Lockheed Martin Rapped for VH-71 Costs  

By James T. McKenna | May 17, 2007
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Lockheed Martin is likely to overrun the budget for the VH-71 U.S. presidential helicopter by 34 percent, Bloomberg News reports. The news service said costs for system design and construction of the helicopters based on AgustaWestland's EH101 are estimated at $2.4 billion, citing officials with the Navy and the Defense Contract Management Agency. When Lockheed and its team, which includes AgustaWestland and Bell Helicopter, won the contract in 2005, the price was $1.79 billion. The news is not likely to help Lockheed's bid to get the U.S. Air Force to reconsider the EH101 for its Combat Search-and-Rescue-X contract award. For related news


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