World & BusinessUS air traffic overhaul contractor reportedly flagged for “high risk” of financial instability
Bloomberg reports the internal warning came before the contractor won a $1.5 billion deal to help revamp the nation’s aging air traffic control system.
TLDR
The US government chose a contractor to help overhaul its aging air traffic control system under a $1.5 billion deal, Bloomberg reports. Before winning the contract, the firm had been flagged internally as having a “high risk” of financial instability.
US air traffic overhaul contractor reportedly flagged for “high risk” of financial instability
Bloomberg reports the internal warning came before the contractor won a $1.5 billion deal to help revamp the nation’s aging air traffic control system.
TLDR
The US government chose a contractor to help overhaul its aging air traffic control system under a $1.5 billion deal, Bloomberg reports. Before winning the contract, the firm had been flagged internally as having a “high risk” of financial instability.