Please ensure Javascript is enabled for purposes of website accessibility

Plan to Replace Marine One Choppers Gets Airborne Again

By Rich Smith - Nov 25, 2012 at 11:52AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The official request for proposals is expected to issue in mid-2013.

Three years after delays and cost overruns put an end to plans to replace the fleet of Marine One helicopters that ferry President Obama from place to place, the U.S. Navy's controversial VXX chopper program is back in the spotlight.

On Friday, the Department of the Navy released a draft Request for Proposals, or RFP, to build a new fleet of helicopters to replace the existing mix of VH-60N Night Hawks and VH-3D Sea Kings  currently serving the president.

Interested bidders will be invited to attend a pre-solicitation conference to learn more about what the Navy wants to go into the new helicopter, ahead of the issuance of an official RFP in mid-2013. To keep costs down, though, the Navy says it will encourage bidders to base their proposals on "an existing, in-production helicopter platform from which the VXX will be derived."

So far, United Technologies' (RTX 0.19%) Sikorsky unit has expressed interest in bidding on the project, with assistance from Lockheed Martin (LMT 1.05%) as systems integrator. In addition, Boeing (BA 1.89%) may bid in cooperation with Europe's AgustaWestland. Other potential participants  may include Textron (TXT -1.41%), which owns Bell Helicopter, Northrop Grumman, General Electric, and Triumph Group's (TGI 3.96%) Vought Aircraft Industries, all of which participated in the VXX competition when it was last up for bid.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

The Boeing Company Stock Quote
The Boeing Company
$121.66 (1.89%) $2.26
Raytheon Technologies Corporation Stock Quote
Raytheon Technologies Corporation
$93.39 (0.19%) $0.18
Lockheed Martin Corporation Stock Quote
Lockheed Martin Corporation
$447.44 (1.05%) $4.66
Textron Inc. Stock Quote
Textron Inc.
$62.51 (-1.41%) $0.90
Triumph Group, Inc. Stock Quote
Triumph Group, Inc.
$14.88 (3.96%) $0.57

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/25/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.