via Real Clear Defense.
The Pentagon's approval for the Marine Corps to start buying Lockheed Martin Corp.'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.Even worse? Marine Corps officials appear to have knowingly lied to Congress. They're under a news blackout and will not comment on this issue at the time of this post.
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.