US Navy's Sikorsky helicopters cancellation would cost government $250 mln

The U.S. Navy's plan to cancel an order for 29 MH-60 Sikorsky helicopters under a current five-year agreement would trigger termination fees of at least $250 million and raise the cost of Army helicopters covered by the same contract, a top U.S. senator said Thursday. Senate Armed Services Committee Chairman Carl Levin, a Michigan Democrat, criticized the Navy's plan to "break" the multi-year purchase agreement during a hearing on the Navy and Marine Corps budget requests.

See the full article at Reuters