President Obama has chosen J. Randolph Babbitt, former president of the Air Line Pilots Association, as his nominee to lead the Federal Aviation Administration, the White House said on March 27. Senior officials of airport associations praised Babbitt’s knowledge of the aviation industry. James C. May, president of the Air Transport Association, called him “a superb choice” for the top position at the FAA.
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.