This isn’t the 70’s anymore, when the U.S. military last had an edge over the rest of the world on the subject. Now, every current device that support GPS also reads from GLONASS, Beidou and Galileo, which all offer better precision and accuracy thanks to their more recent design. GPS losing dominance is last-century news.

Is this dominance they mention about corporate profits somehow?

Options are good, now no single country can ruin things.