An interesting take on it.
Possible, but a little paranoid.
I have no objections to spending money for the president's security and operational capability, but Lockheed's contract certainly seems to have suffered badly from the typical DoD "bloat."
On the gripping hand, the current copters are about 40 years old, and any presidential vehicle is by nature going to have a lot of expensive custom work on it. I think Obama should get new helicopters, but maybe they should re-bid the contract.