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Business Briefing / DEFENSE

Pentagon cancels copter program

October 17, 2008|From Times Wire Services

The Pentagon said it had canceled the Army's $6-billion reconnaissance helicopter program being developed by Bell Helicopter.

Defense Undersecretary John Young said officials decided to dump the program -- which has been over budget and behind schedule -- and instead buy replacements for the existing Kiowa aircraft.

Development of the Armed Reconnaissance Helicopter was initially set at about $359 million, with each aircraft costing about $8.5 million. That price has soared to $942 million for development and nearly $14.5 million for each craft.

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