Reports on the FAA's efforts to modernize the air traffic control system. Provides information on the overall status of air traffic control's modernization, which currently includes 158 projects funded through the facilities and equipment appropriation account. Information includes changes in total modernization costs, number of completed projects, and trends for unobligated funds. Also provides detailed information on cost and schedule estimates for 15% of 1996 F&E budget request. FAA estimates that the total cost of modernization will be $37.3 billion from 1982-2003.