ICAO has recommended ADS-B implementation that is considered as next generation surveillance system to meet the air traffic capability and aviation safety. However, safety verification for the new ADS-B technology should be carried out in advance. FAA performed a preliminary hazard analysis for ADS-B equipped aircraft through Capstone program in Alaska in order to reduce aviation accidents. The present study deals with ADS-B concept, FAA Capstone program and PHA for ADS-B equipped aircraft. We expect that this paper will be a valuable material to assess ADS-B risk when it is applied to the domestic environment.