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FAA launches Newark airport task force with Verizon, L3Harris executives

1. Emergency task force launched to address Newark airport telecom issues. 2. Three communication outages recently caused significant flight disruptions. 3. L3Harris, a contractor, is involved in resolving telecommunications problems. 4. The U.S. plans to invest billions in air traffic control modernization. 5. A delay reduction meeting will be convened to manage flight schedules.

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FAQ

Why Bullish?

LHX (L3Harris) will benefit from increased spending on air traffic control modernization, improving revenues.

How important is it?

The congressional approval of modernization funding could increase LHX's contracts and project pipeline.

Why Long Term?

The multiyear investment in modernization could lead to sustained demand for LHX's services.

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