The FAA has selected ITT Corp to build the first portion of a new satellite-based air traffic control system.
ITT beat competitors Lockheed Martin and Raytheon for the $1.8 billion project that could give the company a leg up in securing other contracts related to the air-travel system.
The proposed system, which the FAA said posed "no technical risks," uses GPS technology to replace the FAA's aging network of 50-year-old ground-based analog radar technology.
Lockheed was considered the favorite for bagging the deal, while Raytheon's proposal included the XM WX Weather service as part of the offering.
DAMN IT!
I know thats right. sirifan
Nobody cutting these guys a F....in break. Would have been huge. however there are plenty of businesses out there that could still adopt their services.