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  "documentTitle": "Federal Signal | Investor Presentation Deck | 28 slides",
  "authorId": "federal-signal",
  "authorName": "Federal Signal",
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  "presentationDate": "2023-11-01 00:00:00",
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      "text": "Demand Exceptionally Strong\nAmerican Rescue Plan Act\n$350bn of government spending designated for cities, states, tribal governments and U.S. territories\nFirst $175bn distributed in 2021; second $175bn in 2022. Funds to be obligated by end of 2024 and expended by end of 2026\nInfrastructure Investment and Jobs Act\n$550bn of spending over five years to improve the nation's transportation, water, electric power and infrastructure\nRising Complexity of Vehicles\nInvestments in autonomous infrastructure and increasing \"smart\" features in vehicles are driving increased need for FSS road-marking and line removal offerings\nSignificantly higher mineral content in electric vehicles is driving demand for Federal Signal's mineral extraction support equipment\nSupply Chain Fluidity Remains a Constraint but Improving:\nClass 8 chassis supply for key offerings has eased, but medium duty chassis for select dump body businesses remain a constraint\nCombined Q3 production output at two largest manufacturing facilities up 19% YoY\nLead times for certain product lines remain stretched beyond normal levels given component shortages and strong demand",
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      "text": "Source: White House website and U.S. Department of Transportation",
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      "text": "Update on Current Environment",
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