The U.S. FAA is close to canceling a $2.4B contract awarded to Verizon (VZ) to overhaul a communications system and awarding the work to Tesla (TSLA) CEO Elon Musk’s Starlink, The Washington Post reports.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VZ:
- Verizon (NYSE:VZ) Rolls Out New Upload Speed Record
- Verizon Business announces Atlanta Hawks as launch partner for Sensor Insights
- Allot Ltd. partners with Verizon Business on enhanced cybersecurity protection
- Musk’s SpaceX Enters U.S. Airspace with Starlink-FAA Tie-Up
- Verizon Innovative Learning reaches 8.5M students