The Pentagon on Thursday is expected to approve Lockheed Martin's (LMT) - Get Report production of 200 helicopters for the U.S. Marines.

The CH-53K King Stallion will each cost $87 million on average and $105 million covering spare parts and individual service contracts, Colonel Hank Vanderborght, who leads the program for the Pentagon, told Reuters.

The Pentagon's Defense Acquisition Board will meet on Thursday, and it is expected to approve the start of production of the new helicopter.

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