Trimble of U.S. and Russian Space Systems are joining forces to create Global Navigation Satellite System (GNSS) which will utilize and commercialize GLONASS – which is the Russian version of U.S.’ GPS.
The new venture will be called Rusnavgeoset and both side will have 50% stake. It will be responsible for selling commercial geodetic network infrastructure systems localized for Russia and the Commonwealth of Independent States (CIS).
Rusnavgeoset – which was announced on June 1st – will be based in Moscow and start operating soon after.
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US and Russia join forces for satellite navigation
Source: Navigadget
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