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Business briefs: March 14
Posted: Fri, Mar 15, 2002, 7:35 AM ET (1235 GMT)
- Satellite communications entrepreneur Craig McCaw said Thursday that he is optimistic about the prospects of satellite constellation ICO, but is uncertain about the fate of Teledesic, Space News reported. In a speech Thursday McCaw said he hopes the FCC will allow ICO to combine its proposed satellite system with terrestrial transmitters that can more effectively serve urban markets. He also said that Teledesic's price tag, estimated to be several billion dollars, must come down for the system to win funding. McCaw is chairman of both companies.
- Boeing announced this week that it has won approval from the US Air Force to begin a new series of GPS satellites. The GPS Block 2F satellites will include a new signal for civilian users and more secure military codes. The Block 2F satellites are also designed to reduce the technical risk of the future Block 3 GPS satellites.
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