EU Upbeat on Galileo GPS

location based services


By Computer Business Review
Mar/23/2007
"The chances of a European rival to the US Global Positioning System have increased after reports emerged that the partners making up the Galileo project have settled their differences and finally signed a joint venture agreement.
Last week, Jacques Barrot, the EU transport commissioner, said he was writing to the eight companies building the Galileo system to discover the reason why the project was running a year behind its operation deadline of 2010.
The Galileo project is to be built by a consortium including the European aerospace company EADS, France's Thales and Alcatel-Lucent, the UK's Inmarsat Plc, Italy's Finmeccanica, AENA and Hispasat of Spain, and a number of German companies including Deutsche Telekom AG.
Now it seems that the companies have finally signed a joint venture agreement, and some of the members of the consortium at least are optimistic of the future of the project, despite past difficulties."
For more details see:
http://www.cbronline.com/article_news.asp?guid=C6D6B8FD-FD7C-4A46-B834-17B7D8422384