Wait for it — the costs of Lockheed Martin’s Presidential Helicopter Replacement program, known as the VH-92, have come down 2.4 percent, about $123 million to $5.06 billion, and it appears on schedule. But — you knew there’d be a but.

VIRGINIA BEACH, VA.: The new presidential helicopter made its first flight in December, the Marine Corps colonel in charge of the program revealed this morning. That was only seven months after contract award, a stark contrast to the multi-year delays that killed the previous program, the VH-71. But don’t get too excited. No miracles are… Keep reading →