NextNav Says Its 900 MHz Proposal Is a GPS 'Insurance Policy'

A one-day GPS outage could cost the American economy $1.6 billion, NextNav said Monday, citing a Brattle Group economic analysis it commissioned. NextNav said its petition seeking to reconfigure the 902-928 MHz band to allow a terrestrial complement to GPS for positioning, navigation and timing services (see 2404160043) represents "the equivalent of offering the American economy a $10.8 billion insurance policy to protect against GPS outages," or 20 years of insurance premiums.