Financial Times FT.com

Russia and EU step up satnav race

By Andrew Bounds in Brussels

Published: April 8 2008 02:44 | Last updated: April 8 2008 02:44

A space race between the European Union and Russia quickened on Monday with separate announcements of plans to speed up work on their respective satellite navigation systems.

The EU and Russia aim to compete with the US by building more accurate rivals to the military-run global positioning system (GPS), which has spawned a high-tech market in receivers and digital maps.

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