DV Hardware bringing you the hottest news about processors, graphics cards, Intel, AMD, NVIDIA, hardware and technology!

   Home | News submit | News Archives | Reviews | Articles | Howto's | Advertise
 
DarkVision Hardware - Daily tech news
December 11, 2016 
Main Menu
Home
Info
News archives
Articles
Howto
Reviews
 

Who's Online
There are currently 74 people online.

 

Latest Reviews
Zowie P-TF Rough mousepad
Zowie FK mouse
BitFenix Ronin case
Ozone Rage ST headset
Lamptron FC-10 SE fan controller
ZOWIE G-TF Rough mousepad
ROCCAT Isku FX gaming keyboard
Prolimatech Magnetic Pin
 

Follow us
RSS
 

Galileo navigation system delayed again to 2017 or later

Posted on Friday, October 08 2010 @ 01:00:16 CEST by


The European Galileo satellite navigation system is facing 1.5 to 1.7 billion euros of extra costs, and will not be ready until 2017-18, according to a new report by the European Commission.

Since its inception the project has faced countless delays, the news means another three to four year delay to the expected availability of the European rival to the US-built GPS, which was originally expected to be ready in 2008. Moreover, the EC also acknowledges that the program will be unprofitable over the long term, running at an annual loss of 750 million EUR:
Last year, the European Court of Auditors criticised the project as ill-prepared and badly managed, and in January the Commission said it would be in operation in 2014.

The FTD also cited the report as saying the project will be unprofitable "over the long term", running at a annual loss of 750 million euros.

The project will cost taxpayers about 20 billion euros over the next 20 years in development, construction and operating costs, the paper said.
More info at PhysOrg.


 



 

DV Hardware - Privacy statement
All logos and trademarks are property of their respective owner.
The comments are property of their posters, all the rest © 2002-2016 DM Media Group bvba