We are proud to share that our portfolio company, Peraton,has been chosen by the U.S. Department of Transportation and the Federal Aviation Administration to lead the rollout of a brand-new air traffic control system. This effort, with an initial down payment of $12.5 billion, represents one of the most important aviation infrastructure projects in decades and a long-term investment in bettering the future of air travel.

Peraton CEO Steve Schorer said the company “stands ready to hit the ground running to deliver a system Americans can count on.” We are proud to partner with Steve and the entire Peraton team in this incredible endeavor.