FAA May Need $500 Million More for Lockheed Project

The Federal Aviation Administration may need to spend $500 million more to complete an air-traffic upgrade by Lockheed Martin Co. that is behind schedule and exceeding costs, a Transportation Department inspector said.

Completing the En Route Automation Modernization project will take as many as six more years, compared with the original goal of finishing by the end of this year, Calvin Scovel, the department inspector general, wrote in a letter to lawmakers that was released today.