On Friday (November 30), the European transport council voted unanimously to adopt a European Commission (EC) financial scheme that would lead to a fully operational constellation in 2013, if the project can stay on schedule.By Inside GNSS
At its November 23 meeting, the European Union’s Economic and Financial Affairs Council (ECONFIN) approved €940 million in supplementary funding during fiscal year 2008 to support a public procurement of the Galileo system.By glen
On Tuesday (November 13) European Union (EU) finance ministers will address the European Commision (EC) proposal for all-public funding of the Galileo program.
The proposal announced by the EC in September would use the 2007 and 2008 budgetary reserves for agriculture and administration — totaling about €2.5 billion — to augment a €1-billion Galileo allocation already in place. European transport ministers will take up the issue again in December.By glen
“Growing Galileo” is the theme of a conference and exhibition taking place November 14–15 in Brussels, Belgium, that will highlight the work under way and planned for developing applications of Europe’s GNSS system.By glen
Ten-year-old u-blox AG has launched its initial public offering (IPO) of stock, which will begin trading October 26 on the Swiss Exchange. Price range for the offered shares is between 42 and 54 Swiss francs (CHF: US$35.53 and $45.68).By glen
Unavailability of an upper stage of the Soyuz launcher will delay launch of the second Galileo In-Orbit Validation Element satellite (GIOVE-B) until at least March 2008. The most recent schedule had called for a late-December launch from the Baikonur Space Center in Kazakhstan.
Already behind schedule as the result of an electrical short that caused widespread damage to the spacecraft during laboratory tests in summer 2006, the Galileo program’s latest postponement reportedly stems from the lack of a Fregat module. Fregat is the portion of the Russian rocket that releases the spacecraft into its final orbit (shown with GIOVE-A in accompanying ESA photo).By glen
The European Transport Council generally reaffirmed its commitment to the Galileo program in an October 2 meeting without resolving some underlying differences of how to finance the system following abandonment of the public-private partnership (PPP) approach earlier this year.
In its first look at the European Commission (EC) plan to complete the system by 2013 under a more traditional public procurement process, the council confirmed its intention “to take an integrated decision on the European GNSS before the end of the year.”By glen
Swedish technology group Hexagon AB, which acquired Leica Geosystems in 2005, launched its tender offer to acquire all the issued and outstanding common shares of NovAtel Inc., a Calgary, Alberta, Canada–based developer and manufacturer of OEM GNSS and related products, at a price per share of US$50 cash.By glen
Thales Alenia Space Italia (TAS-I) has awarded NovAtel Inc. a €440,000 milestone award for continued development of the Galileo ground reception Chain (GRC) reference receiver. Although the incremental size of the award is modest, the agreement provides for confirmed, longer-term funding of a two-year-old contract valued at €6.3M (US$8.6 million).By glen
NovAtel Inc. has acquired privately held antenna manufacturer Antcom Corporation (Antcom) for $5 million in cash and an additional $1 million in cash subject to Antcom’s achievement of certain financial targets for the calendar year ended December 31, 2007.By glen