| SPACE DAILY | SPACE WAR | TERRA DAILY | MARS DAILY | SPACE MART | SPACE TRAVEL | GPS DAILY | ENERGY DAILY |
 |
A consortium led by Eutelsat, Europe's largest satellite services company, said Wednesday it had decided not to bid for a concession to operate Galileo, the future European satellite global positioning system (GPS). The Eutelsat group comprises LogicaCMG, Hispasat, Fiat and Aena. The Galileo deadline expired Wednesday, with two groups submitting bids, according to sources close to the matter. They are Eurely, comprising Alcatel, Finmeccanica SpA, Vinci, SFR and Capgemini, and iNavSat, grouping the European Aeronautic Space and Defense company (EADS), Thales, Inmarsat and SES Global. "The consortium led by Eutelsat has decided it is not in a position to fulfill the strict demands" of the publicly-funded Galileo project, Eutelsat said. "Our decision must not be interpreted as a lack of confidence or interest in the Galileo project, which we continue to support as an impressive European initiative of global scope." The future Galileo operator will be expected to contribute more than 1.4 billion euros (1.7 billion dollars) toward its deployment and would then operate the system from 2008 on a commercial basis to recover its investment. The remainder of Galileo's 3.2-billion-euro cost is funded by the European Union and the European Space Agency. Galileo, expected to rival the US global positioning system, will require the launch of about 30 satellites. All rights reserved. © 2004 Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse. Related Links SpaceDaily Search SpaceDaily Subscribe To SpaceDaily Express 
Galileo Moves Forward
Paris (ESA) Jul 20, 2004The GalileoSat development and in-orbit validation phase is well under way and the European Space Agency (ESA) has just released its procurement process to Industry indicating that the first completely civil satellite navigation system is moving forward. |
|
