WASHINGTON—The Federal Aviation Administration (FAA) said on Thursday it has picked Peraton, a national security company owned by Veritas Capital, as the project manager of a $12.5-billion effort to overhaul the aging U.S. air traffic control system.
The selection comes after Congress approved a $12.5-billion plan in July to overhaul the air traffic control system and boost controller hiring, following decades of complaints over airport congestion, technology failures, and flight delays.
