UK poised to invest £500m in satellite rival to EU's Galileo system
by PA Media from on (#5527E)
PM and chancellor back purchase of 20% stake in troubled US operator OneWeb
The UK has begun the process of purchasing its own satellite navigation system for defence and critical national infrastructure purposes, according to reports.
The Times says Boris Johnson and the chancellor, Rishi Sunak, signed off on the purchase of a 20% stake in satellite operator OneWeb on Thursday night, after the UK was unable to access the EU's Galileo satellite navigation system because of Brexit.
Continue reading...