ESSP signs €450 million EGNOS contract

ESSP signs €450 million EGNOS contract

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France: The European GNSS Agency (GSA) has awarded an eight-year, €450 million (US$585.4 million) EGNOS Service Provision (ESP) contract to ESSP, the European Satellite Services Provider.

ESSP has provided EGNOS (European Geostationary Navigation Overlay Service) services since 2009 under the current contract with the European Commission, which continues until the end of this year. The new contract will cover the period 2014-2021 (inclusive).

The contract will ensure the continuous provision of EGNOS services and also covers the maintenance and upgrading of EGNOS”s system infrastructure.

The eight year duration of the contract clearly indicates the EU has committed to provide the Global Navigation Satellite System (GNSS) user communities with the visibility and stability which is required to invest and benefit from in EGNOS applications.

Source: 4 Traders