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Latest Business News

Lockheed Qualifies for FAA Deal

Friday, February 23, 2007 6:45:16 PM
By DONNA BORAK

WASHINGTON (AP) - The Federal Aviation Administration on Friday said three defense companies have qualified to compete in one portion of a multibillion-dollar contract to upgrade the nation's air traffic control system.

The three companies qualified to compete are Bethesda, Md.-based Lockheed Martin Corp., White Plains, N.Y.-based ITT Corp. and Waltham, Mass.-based Raytheon Co.

The company that wins the contract will build a Global Positioning System for commercial and general aviation aircraft. The goal is to reduce runway mix-ups and increase the number of planes that can safely be aloft at one time.


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