EU defers Galileo decision
Posted: Wed, Mar 2, 2005, 8:57 AM ET (1357 GMT)
The European Union Tuesday delayed a decision on the selection of a private consortium to run its Galileo satellite navigation system, electing instead to enter negotiations with the two remaining finalists. In a press statement, the European Commission said that officials "came to the conclusion that there was very little difference" between the two finalists, iNavSat and Eurely. Instead, government officials will enter parallel negotiations with both ventures that will last up to three months. Eurely is composed primarily of Alcatel, Finmecanica, and Hispasat; iNavSat consists of EADS, Thales, and Inmarsat. Both ventures include participation by other companies, including US firms like Boeing. Galileo will be a satellite navigation system similar to the US GPS system, although oriented primarily for commercial and civil, rather than military, uses. The private operator of Galileo will invest in its development and make money from subscription navigation services Galileo will provide.
The European Union Tuesday delayed a decision on the selection of a private consortium to run its Galileo satellite navigation system, electing instead to enter negotiations with the two remaining finalists. In a press statement, the European Commission said that officials "came to the conclusion that there was very little difference" between the two finalists, iNavSat and Eurely. Instead, government officials will enter parallel negotiations with both ventures that will last up to three months. Eurely is composed primarily of Alcatel, Finmecanica, and Hispasat; iNavSat consists of EADS, Thales, and Inmarsat. Both ventures include participation by other companies, including US firms like Boeing. Galileo will be a satellite navigation system similar to the US GPS system, although oriented primarily for commercial and civil, rather than military, uses. The private operator of Galileo will invest in its development and make money from subscription navigation services Galileo will provide.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
|
|
news links
|
|
Monday, February 9
Globe Telecom Seals Agreement with Starlink to Launch First Southeast Asia Direct?to?Cell Satellite Service
PR Newswire — 7:17 am ET (1217 GMT) Is Starlink still the un-jammable panacea many had thought?
Resilience Media — 7:16 am ET (1216 GMT) Sky is not the limit, India must guard the final frontier
The New Indian Express — 7:14 am ET (1214 GMT) Elon Musk said we'd reach Mars in 2026. Now, he says SpaceX is building a city on the moon.
Business Insider — 7:11 am ET (1211 GMT) Feel the boom: More and bigger SpaceX launches are coming to Santa Barbara County
Santa Barbara News-Press — 7:10 am ET (1210 GMT) |
