Niki Tsongas

Lockheed's $29 Billion Helicopter Poised to Win Pentagon's Approval

Lockheed's $29 Billion Helicopter Poised to Win Pentagon's Approval

The Pentagon is poised to review – and probably approve – a new helicopter from Lockheed Martin to transport heavy cargo for the Marine Corps in a program valued at as much as $29 billion.

The Defense Acquisition Board has scheduled a March 30 meeting to review whether to approve low-rate production for the first 24 of a planned 200 King Stallion helicopters. The initial contract would cover two of the aircraft capable of lifting 27,000 pounds (12,200 kilograms), according to Defense Department documents. Quantities would grow annually, to four next year and 14 in fiscal 2021, according to the latest published acquisition report.

Approval to proceed would be the first major...

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