New Economic Report Finds Total Quantified Value of a Terrestrial GPS Backup is $14.6 Billion
NextNav Inc. (NN)
Company Research
Source: GlobeNewswire
RESTON, Va., Oct. 21, 2024 (GLOBE NEWSWIRE) -- NextNav Inc. (Nasdaq: NN), a leader in next-generation positioning, navigation, and timing (PNT) and 3D geolocation, announced today that its plan for a terrestrial PNT backup and complement to GPS in the Lower 900 MHz would prevent hundreds of millions of dollars in losses in the event of a global GPS outage. The Brattle Group’s economic analysis finds that a 1-day global GPS outage could cost the American economy $1.6 billion, and NextNav’s proposal could prevent a loss of $663 million to the economy for a 24-hour outage period. Adopting NextNav’s proposal to reconfigure the Lower 900 MHz band offers the US economy a $10.8 billion insurance policy to protect against GPS outages without taxpayer funding, plus additional benefits of $3.8 billion from increased resiliency. The total quantified value of a GPS backup is $14.6 billion based on The Brattle Group’s report. Conducted by economists Coleman Bazelon and Paroma Sanyal of the Bra
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News
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Earnings
- 11/13/24 - Beat
NN
Sec Filings
- 11/19/24 - Form 144
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- NN's page on the SEC website