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Stock impact report

U.S. taps RTX, Indra to supply new radars in $12.5B air-traffic control overhaul [Seeking Alpha]

INDRA SISTEMAS UNSP/ADR (ISMAY) 
NASDAQ:AMEX Investor Relations: indracompany.com/en/accionistas
Company Research Source: Seeking Alpha
radar systems for the nation's aging air traffic control network, marking a major milestone in a sweeping modernization effort, Transportation Secretary Sean Duffy said Monday. The contracts Quick Insights RTX and Indra Sistemas have been selected to provide new radar systems, securing major government contracts as part of a $12.5 billion modernization effort, enhancing their government business and revenue prospects. The sizable investment creates opportunities for contractors and suppliers in the aviation technology sector, but execution risks and delayed funding could affect results. Additional funds may be required beyond initial projections. Growing safety concerns, public scrutiny following high-profile incidents, and outdated infrastructure have accelerated the push to modernize radar systems. Recommended For You More Trending News Show less Read more
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