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| Saturday, April 19, 2008 |
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Lockheed tries to reduce risk on helicopter bid
By FlyingNews @ 7:53 AM :: 390 Views ::
0 Comments :: Military Aviation, Helicopters
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Lockheed Martin Corp (LMT.N: Quote, Profile, Research) has spent a significant amount to make its bid for a $15 billion contract for a fleet of combat search and rescue helicopters more attractive by making it less risky, a top official told Reuters this week.
Industry bids are due on May 22 for the Air Force project, which was initially awarded in 2006 to Boeing Co (BA.N: Quote, Profile, Research) for a variant of its twin-rotor Chinook helicopter.
But the Air Force was forced to redo the competition after the Government Accountability Office upheld protests filed by losing bidders Lockheed and United Technologies Corp (UTX.N: Quote, Profile, Research).
You can read the entire article here. |
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