Helicopter Squadron HMX-One

Cancellation of Marine One Procurement

Expense Amount: $85,000,000
Year of Expense: 2009
Expense Details:

The VH-71 program receives a stop work order from the Pentagon.

The 5 production and 4 test aircraft would still be the property of the US Navy. The US Navy said that the $85 million 2010 budget request includes money to cover termination costs, government efforts to develop options for a replacement program, and service life extensions for the current presidential helicopter fleet. Some estimates place termination costs as high as $500 million, but that figure remains to be negotiated between Lockheed Martin and the federal government.

Source Type: Website
Source Details: Defense Industry Daily, Oct 2009, Lockheed-Martin US101 Wins, Loses U.S. Presidential Helicopter Contract (updated) http://www.defenseindustrydaily.com/lockheedmartin-us101-wins-us-presidential-helicopter-contract-064/#program
Creation Date: April 12, 2010

Marine One Helicopter Build and Equip Cost

Expense Amount: $400,000,000
Expense Details:

It costs $400 million to build and equip each Marine One helicopter. The plan was to acquire 28 helicopters

Source Details: Defense Industry Daily, Oct 2009, "Lockheed-Martin US101 Wins, Loses U.S. Presidential Helicopter Contract" http://www.defenseindustrydaily.com/lockheedmartin-us101-wins-us-presidential-helicopter-contract-064/#program
Creation Date: February 23, 2010