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Gold/Mining/Energy : PN - Pelorus Navigation partner with Honeywell
PN 0.730+0.7%2:24 PM EST
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To: Step1 who wrote (79)5/15/1998 4:34:00 PM
From: Bernard Elbaum   of 115
 
According to Pelorus IR, the issue of a backup system is nothing new. Pelorus is already working on one potential backup solution. But as stated in the IR post here the other week, FAA remains committed to bringing GPS forward.

I am going to check out the FAA web site and see if I can document the precise position taken by the FAA in its public statements.

GPS Revenue seems 2 years off. But that's not so terribly long to wait.
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