Czech Republic approves EU Galileo agency move to Prague

The European Union announced Monday it will launch the first two satellites in its long-delayed and hugely over-budget Galileo navigation system from French Guiana on October 20.

The EU on Thursday signed contracts with German and French engineering firms to build and launch another eight satellites for its Galileo geopositioning system.

(AP) -- The Czech government has signed a deal for Prague to host the headquarters of an ambitious satellite navigation system that is meant to become the main rival to the U.S. Global Positioning System.

Europe stood by its much-delayed and over-budget Galileo satellite navigation system on Tuesday despite a rising price tag and a contractor's description of the project as "stupid." ...

Europe's Galileo satellite navigation system, meant to rival the US-built Global Positioning System (GPS), is over budget, running late and will be unprofitable for years, a press report said on Thursday.

Former European commissioner Karel Van Miert has been appointed mediator to accelerate Galileo, Europe 's satellite navigation program, said the European Commission on Tuesday.

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