June 3 (UPI) -- Transportation Secretary Sean Duffy announced Tuesday the Federal Aviation Administration is searching for "top innovators" to lead the rebuilding of the nation's "antiquated" air traffic control system.

Duffy said the FAA will host two industry days next week in Washington, D.C., and another in New Jersey to meet with companies that could spearhead the building of the next air traffic control system.

"We have an antiquated air traffic control system that is showing its age," Duffy said. "In order to implement President Trump's and my plan for a brand new system, we need the technical expertise and management experience from the best innovators in the world."

"In the 'Big Beautiful Bill,' there is $12.5 billion to start this project. A big deal," Duffy told reporters Tuesday. "I believe the Senate's going to provide more dollars for us also? We'll see what they do ... This has to happen fast."

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