A new study commissioned by the U.S. Commerce Department has found that the  Global Positioning System (GPS) has provided $1.4 trillion worth of nongovernment economic benefits since 1984, and that an outage would cost $1 billion a day in losses. From precision agriculture practices to high-frequency stock trading and better positioning for offshore oil and gas rigs, GPS has provided major benefits to at least 10 leading sectors of the U.S. and global economy. Low-cost navigation tech, ...


"Study: GPS Provides $1.4 Trillion In Nongovernment Economic Benefits" is part of our premium online subscription to BCA. Current Business & Commercial Aviation magazine subscribers: online access is now included at no added charge to you. To read this full article, use your subscriber email to log in to your account (or contact us for assistance in updating your account).


Already registered? Log in here.