9/9/2010

President Barack Obama's proposal of a $50 billion infrastructure assistance program has raised the interest of the aviation and aerospace industries, which see potential financing for new cockpit navigation equipment needed to modernize air traffic control. The association representing aircraft manufacturers has previously said a $6 billion investment in the NextGen system would create 150,000 jobs. But the Air Transport Association responded with caution until it could more fully vet the administration's plan. "We are looking forward to learning more about what government decision-makers might have in mind," ATA said in a statement.

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