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.
Peraton will be the single integrator to manage the massive project and deliver it on time without air traffic disruptions, said the FAA, which picked the firm over a joint bid by Parsons and IBM, among two it confirmed in September….