Germany Threatens Funding Cut For Galileo If No German Companies Are Involved
Transport Minister Manfred Stolpe threatened Tuesday to cut its funding for the European satellite navigation system Galileo if the consortium in charge of the operation refuses to involve more German companies - AFX reported late Tuesday.
'If an agreement to bring more business back to Germany isn't found, the entire Galileo project will be threatened', AFX quoted Stolpe as saying.
The German government is opposed to the joint proposal put forward by the two consortia competing for the contract, INavSat and Eurely.
EADS, Thales and Inmarsat are members of iNavSat, while Alcatel, Finmeccanica SpA, Aena and Hispasat form the Eurely venture.
Stolpe believes that, given the number of companies already involved, there will no further opportunity for German businesses to get involved.
The German companies Jenoptik and T-Systems had initially hoped to play a complementary role in one or other of the consortia.
Germany is the largest contributor to the project, having already committed 100 million euros with a further 80 million euros to allocate in the near term.
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