FAA Plans $1 Billion Spending Boost By 2012
Mar 9, 2007
By Adrian Schofield/Aviation Daily
FAA plans to increase its capital spending on modernization efforts by more than $1 billion a year by fiscal 2012, with the largest increase -- nearly $500 million -- slated for FY2009.
Spending is expected to be about $2.5 billion in FY2008 and $3.5 billion four years later. The bulk of the capital increase will be in projects supporting the Next Generation Air Transportation System (NextGen).
Read the full news report here @ Aviation Week
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