Monday, December 29, 2008

$117 million extra for helicopters

The Canadian government waived $36 million in late fees from a U.S. helicopter manufacturer. Instead, Sikorsky is actually charging the government an extra $117 million for improvements to the Cyclone helicopters ordered for Canada's military. However, details about the improvements are sketchy. Unfortunately, this scenario was predicted in 2004 by the company's rival, Agusta-Westland. They said that Sikorsky would not be able to meet the original timetable because the Cyclone was a developmental aircraft at the time. Too bad the defense department wasn't listening. More from CanWest.

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