EU O.K.s Sat Plan
June 18, 1999
The EU -- unhappy with its dependance on U.S. and Russian operated satellite navigation systems -- has taken a step further in launching its own. The European Union has freed up $82.5 million for final research into its "Galileo" project. The money will be used to set the technical parameters for the system, examine the availability of private sector finance and begin cooperation with the U.S. and Russia, whose own satellite systems will be rivaled by Galileo -- or the Global Navigation Satellite System.
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