US FAA picks Peraton to oversee air traffic control reform effort

WASHINGTON, Dec 4 (Reuters) - The Federal Aviation Administration said Thursday it has picked Peraton, a national security company owned by Veritas Capital, to become the project manager of a $12.5 billion effort to overhaul the aging U.S. air traffic control system.

In September, the FAA confirmed it had received two bids for the job -- Peraton and a joint bid by Parsons PSN.N and IBM IBM.N. The FAA said Peraton will be the single integrator that will manage the massive project and delivering it on time without disruptions to air traffic.