Inmarsat will play a key role in one of Europe's largest industrial projects, the construction of a global satellite navigation system for the 21st century.
A consortium of eight leading aerospace companies and satellite operators, including Inmarsat, Aena, Alcatel, EADS Space Services, Finmeccanica, Hispasat, Thales and TeleOp, have signed up to help develop Galileo, the European equivalent to the US's Global Positioning System (GPS).
Network operations
The European Union project will be a joint venture between the public and private sectors.
The consortium, which will now be known as the Galileo Operating Company (GOC), has approved Inmarsat to take overall management leadership of the Galileo Operations Company (OpCo), the arm of the business that will look after global network operations, including performance monitoring and operations security. OpCo will be based in the UK.
Thirty satellites
GPS is currently the technology behind in-car satellite navigation systems, hand-held mountaineering gadgets and a range of business applications, such as fleet tracking and management, which depend on pinpointing your location anywhere in the world.
Galileo will be made up of a global network of about 30 satellites, with an array of monitoring and information stations, including control centres in Germany and Italy.
Value for money
