Lockheed gets Pentagon approval for $27 billion helicopter program

(Reuters) – Lockheed Martin Corp received Pentagon approval on Tuesday to begin production of 200 new heavy cargo helicopters for the U.S. Marines, the Department of Defense said. The long-expected award for the CH-53K King Stallion will on average cost $87 million each and $105 million including spare parts and certain service contracts, a Defense Department official had told Reuters last week. The new helicopter, developed by Lockheed’s Sikorsky helicopter business, can lift 36,000 pounds and would replace the CH-53E Super Stallion, which has operated as the backbone of field logistics for the U.S. Marines since the mid-1980s.

Original story here.

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply