MRH does seem to be a bit of a mess. Never seems to work well when government goes against the wishes of the defence force. MRH probably not a bad replacement for the Sea Kings - only. Of course I'm no expert on this matter (and thus really should not comment - but I will!) but some "features" of the MRH it seems impinge on it's ability to be a useful battlefield chopper - when inserting troops into a hot LZ, rear door can only be used on flat surfaces (opp's) and the door gunner must move out of the way of troops disembarking (excuse me - sorry about that lads!). I read the Finns got around the rear cargo door issue by using a slab of plywood attached to the door to stop it from warping/twisting. Battlefield repair must be difficult with carbon fibre too - well, 5 minute Araldite and gaffer tape is pretty good stuff though!

The blow out in cost is pretty bad - $65 million each. Ouch! Another "it's seemed a good idea at the time" decision. Dutch having corrosion issues with their NH-90's when deployed in a maritime environment. No doubt this will be sorted, but it's another delay for maritime deployment. LHD op's some time off anyway.
http://www.flightglobal.com/news/articles/corrosion-issue-halts-dutch-nh90-deliveries-400944/ARH has also been plagued with massive cost overruns and performance issues. One can only hope it is all it's touted to be. I'm still to see a display of one - in the air that is. I've read another billion needs to be thrown at the ARH program, which currently can't datalink to anything other than the Army itself - seems pretty limited for a
very expensive recon platform. Not much has been in the public domain for some time on the ARH, so fingers crossed the main issues are sorted and it's a worthy attack/recon platform for Army - bloody expensive one!
Yes, going with the Eurocopter options has created a lot of jobs here. Going Sikorsky could also have created jobs and possibly fewer headaches and cost blowouts. Hey, it's all Monday morning quarterback stuff and well beyond the likes of mere-mortal civvie aeroplane modellers like us!

We are paying for all this stuff as tax payers and do deserve to know if these programs are on-track (ah, not!) and will the end result deliver all it supposed to (bloody better!).
Local industry involvement is a tough question. Yes, jobs are created which is a good thing, but the end result can take a great deal longer and becomes way more expensive. Why I wonder do some programs go well (FFG's and ANZAC ships, original F/A-18 program here as examples), yet others don't - MRH & ARH choppers, Collins Class subs and Spanish AWD's not looking good. The reasons are varied and complex of course. Some programs are taken on when the product itself is immature and requires further development, sometimes we bite off more than we can chew and attempt to re-invent the wheel, spec's and performance goals change on the fly, etc, etc. The main thing is that lessons are actually learned from these mistakes and not repeated over and over.