Thales: European satellite navigation contract

(CercleFinance.com) - Thales Alenia Space announced on Thursday that it has signed a contract with the European Union Space Programme Agency (EUSPA) to maintain the European satellite navigation system Egnos.


The joint venture between France's Thales (67%) and Italy's Leonardo (33%) said the contract, which is worth over 100 million euros, covers maintenance operations and support services for Egnos V2 over a four-year period.

The Egnos system improves the accuracy, reliability and integrity of positioning signals, providing a performance boost to global navigation satellite systems (GNSS) such as GPS and, in the future, Galileo.


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