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, ...

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