The U.S. Global Positioning System has provided $1.4 trillion worth of nongovernment economic benefits since 1984 and an outage would cost $1 billion a day in losses, a new study commissioned by the U.S. Commerce Department has found. From precision agriculture technologies and practices to high-frequency stock trading on Wall Street and better positioning for offshore oil and gas drilling and exploration, GPS has provided major benefits to at least 10 leading sectors of the U.S. and global ...

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