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Business/Financial

Gates Recommends End To VH-71 Program

DDN

Tuesday, April 7th, 2009

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By Geoff Fein In a surprise, Defense Secretary Robert Gates yesterday called for terminating Lockheed Martin's [LMT] VH-71 presidential helicopter, including the first batch of aircraft that some believed would have been spared. Additionally, Gates recommended the Navy build three DDG-1000s at General Dynamics' [GD] Bath Iron Works, ensuring a smooth transition to restarting the DDG-51 line. Gates also recommended the Navy buy an additional 31 of Boeing's [BA] F/A-18E/F Super Hornets in FY '10, a move many observers predicted.…

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