iNavSat consortium delivers bid for Galileo Concession
01 September 2004
Brussels, 1st September - The iNavSat consortium today delivered its offer to the Galileo Joint Undertaking (GJU) to become the Galileo concessionaire, deploying the Galileo satellite constellation and operator of all subsequent services. The consortium was chosen in February as one of the three final bidders. The preferred bidder is expected to be announced in December 2004, followed by negotiations with the Galileo Joint Undertaking in 2005. The financial close of the concession contract is anticipated by December 2005.
The iNavSat consortium was founded by EADS Space, Inmarsat Ventures and the Thales Group, who are the respective European market leaders in the fields of aerospace, mobile satellite communications and navigation-based products and services. Together they bring an unmatched array of experiences and skills to the Galileo Programme. In addition, more than 20 leading European and global companies are associated with iNavSat on an exclusive basis and they will contribute valuable experience in their given fields of expertise (automotive, telecommunication, information technologies, etc.) to the successful commercial implementation of Galileo.
The Galileo project has been making good headway over recent months and the consortium, supported by its partners and other external specialists, has developed a compelling submission, including structured project finance backing and an achievable business case for a 20-year concession contract with the future Galileo Supervisory Authority (GSA).
Galileo is a European Union project to develop a new advanced satellite navigation system, more advanced than existing satellite navigation systems. The winning concessionaire is expected to take the lead in arranging for private financing of the deployment and operational phases of Galileo, and ultimately would become the Galileo Operating Company.
The Galileo programme marks a clear step forward for Europe. It is the first major European-level infrastructure procurement programme with a global dimension. It is also the first major Public Private Partnership (PPP) at a multinational level and will bring numerous benefits to Europe; notably the opportunity to demonstrate how government and industry can cooperate to achieve both market and policy success.
About EADS Space Services
EADS SPACE Services is committed to providing and developing satellite services in the area of telecommunications and navigation. EADS SPACE Services is a wholly owned subsidiary of EADS SPACE, which is dedicated to providing civil and defense space systems. In 2003, EADS SPACE had a turnover of '2.4 billion and 12,000 employees in France, Germany, the United Kingdom and Spain. EADS is a global leader in aerospace, defense and related services. In 2003, EADS generated revenues of ' 30.1 billion and employed a workforce of more than 100,000.
Press contact:
Rémi Roland
Tel : +33 (0) 42 24 27 34
www.space.eads.net
About Inmarsat Ventures Ltd
Inmarsat Ventures Ltd is a leading provider of global mobile satellite communications services. Its services include voice, fax, intranet and internet access and other data services used by multinational corporations, government agencies, media and international aid organisations and other enterprise level users in the maritime, land and aeronautical sectors.
Press contact :
Chris McLaughlin
Tel: + 44 207 728 1015
Mobile: + 44 779 627 6033
www.inmarsatventures.com
Thalès Press contact :
Verena Adt
Thales
Tel +33 (0) 1 57 77 86 26
verena.adt@thalesgroup.com
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