Half Of The Programs Examined Are Experiencing Delays
In a review of 30 major ATC acquisition programs, all of which
will contribute to the transition to NextGen, The Government
Accountability Office (GAO) has found that costs for 11 of the 30
programs have increased from their initial estimates by a total of
$4.2 billion, and 15 programs experienced delays. The 11
acquisitions that experienced cost increases account for over 60
percent of FAA’s total acquisition costs ($11 billion of
$17.7 billion) for the 30 programs.
Suit Claims Falcone Was 'Deceptive And Misleading'
A group of investors unhappy with the "all in" investment Philip
Falcone's Harbinger Capital Partners poured into LightSquared have
sued the hedge fund manager and the fund, saying "billions" of
dollars were squandered on the wireless startup.
Pilot Landed His Piper Navajo On Beach In Florida, Was
Uninjured
The pilot of a Piper Navajo who departed the Bahamas for Florida
ran into a problem near the end of his flight, but fortunately he
managed to make it just to the shore. The NTSB preliminary report
indicates the pilot followed correct procedures for a fuel problem,
but he wound up landing on the sand in West Palm Beach, FL, when
both engines lost power.
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