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Organizers of Europe's new satellite-based European navigation system Galileo will announce Tuesday who has been chosen to run the system for the next two decades, a spokesman said Monday. The race to win the 20-year concession -- a contract worth an estimated three billion euros (3.97 billion dollars) -- is between Eurely, conprising Alcatel, Finmeccanica and Vinci, and the iNavsat group, made up of Thales, EADS and Inmarsat. The Galileo system, which should start operations in 2008, will complement the US Global Position System that was originally developed for military targeting and position finding. The EU says the globe-girdling satellites will enable the development of new services in areas such as transport, the environment, agriculture and fisheries that are eventually expected to cover the running costs of the system, estimated at 220 million euros (290 million dollars). The European system was the first to be designed for purely civilian use. The United States and the EU signed an agreement last June to adopt common operating standards for the two systems. All rights reserved. © 2005 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 
Eurely Takes A Further Step Toward Galileo Concession
Brussels (SPX) Jan 26, 2005Eurely, the consortium formed by Alcatel, Finmeccanica, AENA and Hispasat, has provided its final proposal for the Galileo Concession. The offer, submitted to the European Commission by Eurely, contains further details and binding commitments to manage the services of the new satellite based European navigation system, in addition to the original proposal of September 2004. |
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