Europe moves forward with plans for GPS competitor
Posted: Thu, Mar 22, 2001, 5:13 PM ET (2213 GMT)
The European Commission announced Thursday that it had lined up private financial support to continue development of a new satellite navigation system. The Commission said that it had obtained commitments from an unidentified set of companies to provide 200 million euros (US$177.5 million) to help begin the development phase of the Galileo satellite navigation system. Galileo is a joint effort of the European Union and European Space Agency, along with private companies, to develop a system similar to the American Global Positioning System (GPS), but under civilian control, unlike the military-run GPS. Galileo will use 30 spacecraft launched between 2004 and 2008 at a total cost of 3.2 billion euros (US$2.85 billion). European Commission officials hope the private funding for the development work will make it easier to gain full funding approval from EU member nations — some of whom have been skeptical about the project and its estimated cost, according to Reuters — during a summit meeting starting Friday in Stockholm.
The European Commission announced Thursday that it had lined up private financial support to continue development of a new satellite navigation system. The Commission said that it had obtained commitments from an unidentified set of companies to provide 200 million euros (US$177.5 million) to help begin the development phase of the Galileo satellite navigation system. Galileo is a joint effort of the European Union and European Space Agency, along with private companies, to develop a system similar to the American Global Positioning System (GPS), but under civilian control, unlike the military-run GPS. Galileo will use 30 spacecraft launched between 2004 and 2008 at a total cost of 3.2 billion euros (US$2.85 billion). European Commission officials hope the private funding for the development work will make it easier to gain full funding approval from EU member nations — some of whom have been skeptical about the project and its estimated cost, according to Reuters — during a summit meeting starting Friday in Stockholm.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
|
|
news links
|
|
Sunday, August 23
SpaceX accelerating India operations? Hiring for Starlink throws up a surprise
Republic World (India) — 8:57 am ET (1257 GMT) Nepal Rejects Musk’s Demand for Full Ownership, Starlink Service Expansion Put on Hold
Hindusthan Samachar — 8:56 am ET (1256 GMT) A SpaceX Rocket Is This Island’s Most Talked About Visitor
Wall Street Journal — 8:49 am ET (1249 GMT) Alan Joyce’s Musk monopoly warning over in-flight Wi-Fi
Sydney Morning Herald — 8:44 am ET (1244 GMT) “ISRO Will Not Make Any Launch Vehicles”: IN-SPACe Chairman Pawan Goenka Says Manufacturing Work Will Be Handed to Private Sector
NewsGram (India) — 8:42 am ET (1242 GMT) |
