Parsons (PSN) -18.3% pre-market Friday after the Federal Aviation Administration awarded a multi-billion dollar contract to ...

The Federal Aviation Administration said on Thursday it has picked Peraton, a national security company owned by Veritas ...

The FAA chose Peraton to manage a $12.5B overhaul of the nation’s aging air traffic control system, promising faster, safer, ...

Peraton issued the following statement from its Chairman, President, and CEO Steve Schorer upon being awarded the Brand New Air Traffic Control System (BNATCS) contract by the U.S. Federal Aviation ...

The US Federal Aviation Administration (FAA) and Department of Transportation awarded Brand New Air Traffic Control System ...

In a landmark move for the aviation industry, the Federal Aviation Administration (FAA) has embarked on one of the most ...

The government picked a company with little experience working with the Federal Aviation Administration called Peraton to ...

The FAA selected Peraton as prime integrator for a multibillion-dollar overhaul of the US air traffic control system, with ...

The Federal Aviation Administration announced Peraton will be the integrator overseeing an overhaul of its air traffic control system, beating competitor Parsons.

The Transportation Department is pushing hard for the new system to go online in 2028, with a price tag for modernization that could reach $31.5 billion.

The Reston firm beat a joint bid from Parsons Corp. and IBM to win the $12.5 billion contract.

The loss of the approximately $12.5 billion contract represents a significant setback for Parsons, which had been widely considered a frontrunner for the prime integrator role on the project to ...