“ The ‘brand new’ air traffic control system contracts was handed in December 2025 to a single prime contractor, Peraton, a company owned by the private equity firm Veritas Capital, and chosen despite limited FAA experience.
The full program is priced at around $31 billion dollars. Congress has so far put up only $12 billion as a "down payment." The rest is still UNFUNDED.
So Friday's breakdown arrives as the pressure to approve the rest of the SAME program already promised to the SAME private contractor; Peraton.
Most US airports are public, owned by cities and airport authorities, but the terminals and the systems get built by private firms, and that is where the billions flow, out of public failure and public money into private hands.
So who are those PRIVATE HANDS benefiting most? Who ultimately gets the money?
The prime contract went to Peraton, a private company owned by the private equity firm Veritas Capital.
And who funds Veritas? Its investors are Israeli institutions: Clal Insurance $100M, Migdal Insurance $60M, Menora Mivtachim $50M, plus ~$150M from private Israeli investors, all in its at least $15.3 billion fund...” [less than 50%]
