The Federal Aviation Administration has announced that it is investing $16.5 million for improving airport safety in the country. With the funds, FAA plans to equip all its airport vehicles with transponders that help air traffic controllers identify and track them on runways and taxiways.
The FAA also reminded airports this week that they can use federal grant money to install transponders on their vehicles, and recommends they encourage airlines and others that operate on the airfield to follow suit. More than 50 airports have already expressed interest in this, and the FAA is exploring additional ways to get this equipment into more vehicles.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.