Partnership lowers the sky high cost of NextGen

Federal Drive

Partnership lowers the sky high cost of NextGen

As a public-private partnership, the NextGen Equipage Fund, LLC will bring substantial private-sector capital to overcome the investment barriers that have...

Federal News Network Staff

April 18, 2011 10:41 am

< a min read

wfedstaff | June 3, 2015 11:41 pm

Download audio

A partnership between a technology contractor and a finance firm is promising to help the FAA speed up deployment of its NextGen air traffic control system. That’s the plan to replace ground radars with GPS satellites to guide airplanes. ITT Corporation is teaming with Nexa Partners to provide low-cost financing for airlines who have to make expensive upgrades in order to use NextGen. Joining us to explain how it all works is John Kefaliotis, Vice President of Next Generation Transportation Systems, ITT Corp.