The US Federal Aviation Administration (FAA) has selected a company to overhaul its software in an effort to improve flight schedules and reduce delays. The contract is reportedly worth hundreds of millions of dollars, with one figure cited as $875 million, and is part of a larger effort to modernize the national airspace system, which may be valued at $12.5 billion. The selection appears to have involved a competitive process, with other companies reportedly being considered but not chosen.