GE Among Winners as FAA Bill Speeds Up NextGen Project Deadlines
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General Electric Co. and Honeywell International Inc. are among firms vying for billions of dollars of business as an aviation law passed this month seeks to speed the creation of a new U.S. air-traffic system.
The legislation authorizing spending and setting policy at the Federal Aviation Administration includes provisions that move up deadlines for installing equipment, remove environmental requirements and establish a public-private funding mechanism for the so-called NextGen system.