Korean Aerospace Research Institute will sign a $40 million deal with French Thales for the joint development of a new augmentation system for global positioning systems that will greatly reduce the scope and rate of errors in existing GPS.
The signing will be done on Wednesday to jointly develop a new and advanced Satellite Based Augmentation System for GPS by 2021, according to the South Korean Ministry of Land, Infrastructure and Transport, Yonhap reported Tuesday.
The new SBAS will help reduce errors in aviation GPS, which currently occur at a rate of one in five million and by up to 16 meters horizontally and 20 meters vertically.
"By reducing the error and providing more accurate location of aircraft by using satellites, the SBAS is expected to help set the shortest air route possible while also helping reduce the cost of fuel for flights and thus expanding their capacities," the ministry said in a press release.
A separate agreement will be signed with the European Aviation Safety Agency to jointly verify the new GPS augmentation system following its development, it added.
South Korea plans to lease a reconnaissance satellite most likely from Israel to self obtain information on North Koreas military activities. Israel uses its spy satellites mainly to monitor Middle East regions, it may be practical for South Korea to secure operating rights during periods when the satellite passes over the Korean peninsula
Taurus Systems, a joint venture of MBDA and SAAB has handed over the first lot of Taurus KEPD 350K stand–off missiles to the Republic of Korea Air Force (RoKAF). The ceremony, which saw the participation of representatives from the Defense Acquisition Program Administration (DAPA) and the RoKAF, was performed at the headquarters of Taurus Systems GmbH in Schrobenhausen, Bavaria, and marked the start of series deliveries, MBDA said in a statement Friday
South Korean POSCO Daewoo will provide two ships to Brazilian Navy and modernize Arsenal de Marinha do Rio De Janeiro shipyard under a new $1 billion deal. The vessels to be built are a landing platform dock and a multirole corvette, both of which will be constructed in partnership with domestic shipyards,
Chinas home-made BeiDou Navigation System was successfully tested aboard an ARJ21-700 commercial airliner on Saturday. The test was carried out by the Commercial Aircraft Corporation of China (COMAC)
SpaceX has won a $96.5 million GPS satellite launch contract defeating United Launch Alliance, a partnership of Lockheed Martin Corp
Lockheed Martin has selected a new generation of the Thales Searchwater radar and Cerberus mission system to be fitted to existing Merlin Mk2s helicopters for delivering Royal Navy with an airborne surveillance and control capability (ASaC). Lockheed Martin acts as the Ministry of Defences prime contractor for the Merlin helicopter
Thales has received an order from the U.S
South Korea has planned ordering 250 vessels, including Naval and Civilian, worth about $9.6 billion (11 trillion won) for shipbuilders by 2020
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