NextGen contracts over budget, behind schedule

More than one-third of the 30 contracts critical to building the Next Generation Air Transportation System, commonly known as NextGen, are over budget, while half are delayed, according to a Bloomberg BusinessWeek story on a new Government Accountability Office report. The GAO report notes that 11 of the 30 contracts exceed projected costs by a total of $4.2 billion, while 15 of the contracts are behind schedule by an average of four years.