The chances of a European competitor to the US Global Positioning System have been greater than before following the reports that revealed that the associates building the Galileo project have resolved their variations and at last came up to an agreement. Last week, Jacques Barrot, the EU transport commissioner, maintained that he was giving it black and blue to the eight making up the Galileo system to find out the cause why the project was going a year back to its operation cut-off date of 2010.
The Galileo project is to be brought about by a association comprising 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 many German firms like Deutsche Telekom AG. Now it looks that the firms have lastly signed definitive contract, and a few of the members of the grouping as a minimum are confident of the prospect of the project, regardless of past complexities.
