United States investigate the economic benefits of GPS

GPS Constellation
Credit: www.gps.gov

The U.S. National Space-Based Positioning, Navigation and Timing (PNT) Advisory Board is organizing a study to endorse the economic profit of GPS. "We have a new assignment . . . to discover and disclose the economic contributions of the Global Positioning System", Chairman Jim Schlesinger said in the advisory board meeting that took place on August 15, 2012.

The study will be mainly focused on the United States, however it also takes a look at the economic impact of GPS on the rest of the world. The board will examine past researches and frame a clear procedure for completing the work, including recommendations whether or not it should be reviewed by other collaborators and, if so, by whom. The National Space-Based PNT Advisory Board provides advice to the U.S. Government on U.S. space-based PNT policy, planning, program management, and funding profiles in relation to the current state of national and international space-based PNT services.