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Galileo, EC disproves investment increase rumoured by "Der Spiegel"

Brussels, Belgium - The declarations by the spokesman Michele Cercone

The final cost for the realization of Galileo (the new European project of satellite navigation, future competitor of the American GPS, the Russian GLONASS and the Chinese Compass/Beidou) might triple with regard to the 3.4 million Euro budgeted. It is the news of the German weekly "Der Spiegel" categorically disproved by the European Commission. Reporting the opinion by several financial experts...

AVIONEWS - World Aeronautical Press Agency - 1084822
Rome, Italy, 01/22/2008 13:36
AVIONEWS - World Aeronautical Press Agency

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