War spurs navigation by satellite

Article Abstract:

The Persian Gulf War between Iraq and American-led coalition forces is spurring the use of the United States Department of Defense's Navstar Global Positioning System. The Navstar Global Positioning System is a satellite-based navigation system that fighter pilots are using to determine their location in a featureless desert. The system has been under development since 1973 and will cost around $10 billion when completed. The system is highly accurate and allows pilots to determine their position within 100 feet and sometimes within a fraction of an inch. The navigation system, which is commercially produced, is also used by foot soldiers and military ships; selective availability allows the military to send erroneous information to non-military receivers.

Search and navigation equipment, Innovations, Military aspects, Navigation, Navigation systems, Global Positioning System, Satellites, Satellites (Astronomical bodies), Electronics in navigation, Persian Gulf War, 1991, Trends, Military

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Icahn Offers $5.4 Billion For Mylan, Drug Maker

Article Abstract:

To prevent the acquisition of King Pharmaceuticals Inc. by generic drug maker Mylan Laboratories Inc., financier Carl C. Icahn has offered to buy Mylan for $5.4 billion. Mr. Icahn believes that the generic drug industry will grow in the next few years.

United States, Acquisitions & mergers, Financial management, Pharmaceutical preparations, Pharmaceutical industry, Mergers, acquisitions and divestments, Finance, Company acquisition/merger, Company investment, Investments, Mylan Laboratories Inc., Icahn, Carl C., Company financing, Tender offers (Securities), Tender offers, King Pharmaceuticals Inc.

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