FAA drafts term sheet for equity stake in Air Space Intelligence
Written by AI from 3 reports listed below. Not checked by a person before publication. How we use AI
The Federal Aviation Administration has issued a term sheet proposing an equity stake in Air Space Intelligence and is negotiating a warrant to purchase shares at a set price, though no agreement has been finalized.
Air Space Intelligence holds a 12‑year contract worth up to $875.9 million to develop the SMART system, which the FAA began limited use of around Washington, D.C., in September; SMART offers traffic‑manager recommendations but does not directly control aircraft, and the term sheet expires at the end of 2026.
Analysed 3 reports from 2 publishers
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