"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "


Chinese premier Wen Jiabao 12th March 2009


""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."


Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Tuesday, September 26, 2006

GPS modernised replacement satellites lifted on schedule

The Boeing Delta II 7925-9.5 rocket is the powerful and reliable workhorse of the satellite placement industry. It has a Boeing first stage booster powered by a Pratt & Whitney Rocketdyne RS-27A main engine and nine Alliant Techsystems (ATK) solid rocket boosters.

An Aerojet AJ10-118K engine powers the storable propellant restartable second stage.

A Thiokol Star-48B solid rocket motor sends the third stage prior to spacecraft deployment.

Blasting off at 2:50 p.m. EDT, Sept. 24th with a nine-and-a-half-foot-diameter Boeing payload fairing containing the second replacement GPS IIR-15 (M) spacecraft, this giant workhorse lifted off from Space Launch Complex 17A at Cape Canaveral Air Force Station, successfully delivered to orbit earlier today a replenishment Block IIR Global Positioning System (GPS) satellite for the U.S. Air Force.

These modernized GPS satellites incorporate improvements to provide :

1. Greater accuracy on the ground for users
2. Increased resistance to interference - i.e defence in space from attack

GPS provides military and civilian users three-dimensional position location data in longitude, latitude and elevation as well as precise time and velocity (across land, space) . The satellites orbit the Earth every 12 hours, emitting continuous navigation signals. The signals are so accurate, time can be figured to within one millionth of a second, velocity within a fraction of a mile-per-second and location to within 100 feet.

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