Why it’s worth $2.4 billion: $2 billion surplus safety gear company
The surplus safety systems that are being used by some U.S. air traffic controllers are worth a record $2,400 per aircraft per day, according to the aviation industry’s trade group.
The trade group Aviation Alliance reported Wednesday that the industry is currently oversupplied with the equipment.
The surplus equipment companies are among the industry’s biggest spenders, accounting for about half of the overall industry’s surplus equipment costs, according the trade group’s data.
The equipment, known as surplus safety netting or SNS, has a wide range of applications, from reducing turbulence in the cockpit to protecting against the effects of hurricanes.
It also helps prevent fires, and has been the subject of research in many fields, including safety.
The trade group said that in fiscal 2017, the U.s. government allocated $1.5 billion in grants and contracts to the surplus equipment manufacturers, and about $1 billion in equipment procurement.
About $1,700 per aircraft was awarded to the companies, according a spokesperson for the Federal Aviation Administration.
The agency did not provide a breakdown of how much money each company received.
Aviation Alliance, the trade association for the aviation equipment industry, said it has been using surplus safety nets for more than a decade.
The industry was one of the first to introduce the equipment in the early 1980s, when the U,S.
government awarded $2 million to a Canadian company for its use in the U.,S.
That equipment is still used by U.K. air controllers and is also being used in other countries, including China, France, Spain, Italy, Germany, Switzerland, Japan and Australia.
In a statement, Aviation Alliance said it is working to improve its procurement process, improve equipment availability, and reduce costs.
The group said the surplus safety system industry is growing fast, and is expected to reach $5.3 billion in sales by 2020.
It said it does not expect to achieve its goal of reducing the equipment’s price to less than $100 per aircraft.