What Happened
FAA Needs Additional Funding To Complete First Phase Of Modernization
The Federal Aviation Administration (FAA) is facing a funding shortfall to complete the first phase of its air traffic control reform plan, according to a government report. The FAA needs an additional $574 million to complete the phase, which is part of a $10.6 billion modernization effort. The report highlights the risks of cost overruns and delays, and notes that the FAA has underestimated the total costs of operating the new system. The FAA’s existing air traffic control systems are severely outdated and unreliable, contributing to an increase in aviation incidents. This was first reported by Reuters.