Search This Blog

Friday, January 30, 2009

US presidential helicopter 50 percent over budget

VH-71 presidential helicopterLockheed Martin Corp's high-profile VH-71 presidential helicopter program, designed to work in a pinch as a White House in the sky, has surged more than 50 percent over budget, the U.S. Navy said on Thursday.

As a result of such cost growth, the Defense Department either must end the program or certify that it is essential for national security and meets three other tests established by law.

The Navy notified Congress of the problem on Wednesday, as required by the so-called Nunn-McCurdy procurement law that can force cancellation of an arms program if unit-cost growth tops certain levels, Navy spokesman Lt. Clay Doss said.

Read more
om

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Subscribe to: Post Comments (Atom)

Fair Use Notice

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.

The material is being made available in an effort to advance understanding arms trade activities, for non-profit research and educational purposes only.

I believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.

If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner.

This is a completely non-commercial site for private personal use. No fee is charged, and no money is made off of the operation of this site.