Manonthestreet
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- May 20, 2014
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Lockheed Martin Corp.’s new King Stallion helicopter for the U.S. Marine Corps is likely to cost $144 million each, 4 percent more than projected by the service, and be ready to deploy a year later than planned, according to the Pentagon’s cost assessment office.
The new cost projection for the King Stallion may become a focus of congressional oversight when the Marine Corps’ fiscal 2018 budget is submitted to Congress. Representative Niki Tsongas of Massachusetts, the top Democrat on a House Armed Services subcommittee that oversees the copter program, already has questioned the King Stallion’s basic cost as “a heck of a lot of money.”
Lockheed's Helicopter Seen Costing More, Taking Longer
The new cost projection for the King Stallion may become a focus of congressional oversight when the Marine Corps’ fiscal 2018 budget is submitted to Congress. Representative Niki Tsongas of Massachusetts, the top Democrat on a House Armed Services subcommittee that oversees the copter program, already has questioned the King Stallion’s basic cost as “a heck of a lot of money.”
Lockheed's Helicopter Seen Costing More, Taking Longer