Study: GPS Provides $1.4 Trillion In Nongovernment Economic Benefits

William Garvey Jessica A. Salerno Molly McMillin September 19, 2019

A new study commissioned by the U.S. Commerce Department has found that the Global Positioning System (GPS) has provided $1.4 trillion worth of nongovernment economic benefits since 1984, and that an outage would cost $1 billion a day in losses. From precision agriculture practices to high-frequency...

William Garvey

Bill was Editor-in-Chief of Business & Commercial Aviation from 2000 to 2020. During his stewardship, the monthly magazine received scores of awards for editorial excellence.

Jessica A. Salerno

Jessica is Executive Editor of Business & Commercial Aviation magazine. She started as Editor of ShowNews Online, Aviation Week's on-site trade show daily published at the Paris Air Show, NBAA Annual Convention, Singapore Air Show and at other significant aerospace gatherings.

Molly McMillin

Molly McMillin, a 25-year aviation journalist, is managing editor of business aviation for the Aviation Week Network and editor-in-chief of The Weekly of Business Aviation, an Aviation Week market intelligence report.

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Study: GPS Provides $1.4 Trillion In Nongovernment Economic Benefits

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