FAA says air traffic control overhaul management contract worth $1.5 billion
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WASHINGTON, Feb 10 : 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.
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