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Lockheed Marine Helicopter Made By Sikorsky Came With Unpublicized Cost Increase

Lockheed Marine Helicopter Made By Sikorsky Came With Unpublicized Cost Increase

The Pentagon's approval for the Marine Corps to start buying Lockheed Martin's new heavy lift helicopter came with a hidden surprise: the projected total acquisition cost for the King Stallion program has increased 6.9 percent to $31 billion.

The updated estimate was provided in an April 4 decision memo by James MacStravic, the Pentagon's acting weapons buyer, that authorized production of the initial batch of 26 helicopters. The memo, labeled "For Official Use Only," was obtained by Bloomberg News.

The estimate for the total acquisition cost – which includes everything from research to purchase of the aircraft, including spare parts – climbed to $31 billion from...

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