NextGen investments slated for sharp increase

07/2/2010 | MarketWatch

Airports are retiring radar-based air traffic control systems, but billions of dollars are still needed before the successor NextGen system is fully operational. Upgrading cockpits and including equipment for more optimized flying could cost airlines $20 billion. Companies like Honeywell and Rockwell Collins Inc. could see double-digit hardware sales as the industry undertakes a broad upgrade designed to reduce delays and improve efficiency.

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