FAA (Federal Aviation Administration)
The Federal Aviation Administration (FAA) is the official business regulatory agency under the U.S. Department of Transportation responsible for oversight and regulation of all aviation related activities, including aircraft operations, airport activities, and air traffic control. From a procurement perspective, the FAA sets regulatory standards for procurement, ensuring that air carriers receive fair and competitive prices for services and providing manufacturers with safe and reliable aircraft parts. The FAA also oversees operations and safety standards in the aviation industry to ensure passenger safety.