A new study quantifies the economic benefits of GPS: in the U.S. alone, it estimates around $1.4 trillion in economic activity resulting from private-sector GPS use, about half of that coming from improvements in the telecommunications sector. (Roughly a quarter came from the telematics sector, and 15 percent from location-based services.) About 90 percent of those benefits have been generated in the last decade. The study also quantified the impact of a GPS outage: about a billion dollars a day, more if it occurred during planting season (agriculture has become reliant on GPS). [Ars Technica]

And speaking of GPS outages, earlier this month hundreds of flights were grounded over what appeared at first to be a GPS signal problem, but turned out to be a technical issue with GPS receivers made by Collins Aerospace. About 400 flights were cancelled on Sunday, 9 June, mostly involving Bombardier regional jets, but also other airliners and private aircraft. The FAA instructed pilots of affected aircraft to use other navigation methods; Collins says it has identified the issue and is working with the airlines. Coverage: AINonline, FlightGlobal, Forbes, GPS World, RNTF. [Jason Rabinowitz]