Precision Pulsar Timing and its Applications. The rapidly rotating pulsars known as millisecond pulsars have period stabilities which rival that of the best terrestrial clocks. Observations of many millisecond pulsars spread across the sky should allow detection of the gravitational-wave background - likely to be the first direct detection of gravity waves. It will also enable establishment of a long-term time standard which is independent of and probably superior to that derived from terrestria ....Precision Pulsar Timing and its Applications. The rapidly rotating pulsars known as millisecond pulsars have period stabilities which rival that of the best terrestrial clocks. Observations of many millisecond pulsars spread across the sky should allow detection of the gravitational-wave background - likely to be the first direct detection of gravity waves. It will also enable establishment of a long-term time standard which is independent of and probably superior to that derived from terrestrial clocks. New analysis techniques and establishment of an international observing network will be required. Investigation and application of techniques for overcoming radio interference will be an important part of the project.Read moreRead less