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FAA says air traffic contract worth $1.5 bn

The Federal Aviation Administration said on Tuesday its contract with national security firm Peraton, the project manager of a $12.5-billion effort to overhaul the aging U.S. air traffic control system, was worth $1.5 billion. In a briefing to House of Representative lawmakers, FAA Administrator Bryan Bedford said U.S. President Donald Trump in December negotiated a $200 million discount ‌off the ⁠initial proposed contract ⁠price for Peraton, which is owned by Veritas Capital. "The FAA was always going to need an implementation and integration partner," Bedford said. The FAA made public on Tuesday a presentation it gave to Congress that included the $1.5 billion figure and details of the innovative contract that includes a "No Excuses" requirement and fees are earned or lost based on

Om Birla's LS fate to likely be decided on Mar 9