Lockheed, Boeing in air traffic project |
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Mon, 22 Jan 2007 18:46
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NEW YORK (AFX) - High-tech military contractor Lockheed Martin Corp. and aircraft manufacturer Boeing Co. on Monday said they plan to work together to advance the nation's air traffic control system.The companies said they want to help the Federal Aviation Administration create a next-generation air transportation system to handle the nation's rapidly expanding air traffic. The collaboration will combine Lockheed's air traffic management experience with Boeing's strengths in aircraft systems, avionics, aviation operations, and airspace simulation and modeling.The two companies will initially focus on creating and demonstrating an information sharing network, expanding current trials of advanced operational concepts, and collaborating with the FAA on initiatives to ensure seamless operations between the U.S. and foreign airspace.Shares of Bethesda, Md.-based Lockheed fell 57 cents to $96.70 in midday trading on the New York Stock Exchange. Shares of Chicago-based Boeing dropped $3.26, or 3.7 percent of $85.37.Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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