10-Jan-2011 12:08 PM

US ATM upgrade to cost USD330m more

US Federal Aviation Administration's (FAA) deputy administrator Michael Huerta stated Lockheed Martin Co's air-traffic upgrade will cost USD330 million more and take three more years to complete after flaws were detected during the system's first activation on 14-Mar-2010 (Business Times, 10-Jan-2011). Replacement of computers at 20 centres was supposed to be completed in fiscal 2011 at a cost of USD2.1 billion. The agency instead will spend USD2.43 billion and retire the old computer system in fiscal 2014.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More