I won't speak for F104A but I think there are several topics here
* Measurement of position
* Transmission of position (and other operating parameters) from the moving vehicle to fixed receivers
* Calculation of speed
Having some background in this area I think the mention of "Ethernet" indicates the AE team are using a wireless LAN to transmit data acquired from the vehicle back to the pits. Remarkable that WiFi works at those ranges and speeds. Of course other forms of radio telemetry have been around motor racing for a long time.
Measurement of position could be a rapid sampling of the GPS-derived coordinates and the time at which each position was captured. GPS is
really good at providing precision time.
Choosing two {position, time} values 1 km and/or 1 mi apart would allow you to calculate average "kilo" and "mile" speeds. An advantage here would be that you, rather than the timing or sanctioning body, would get to choose where the speed traps start
That is not to suggest the AE team are doing it, only that it is possible.
Interesting paper on high-precision fixed positioning surveys using GPS is here
http://www.gpstk.org/pub/Documentation/GPSTkPublications/precision-gps-hhstt-ion-gnss-2006.pdfThese guys go
really fast.
I should add that I don't know how an onboard GPS could maintain 0.020 accuracy while moving, at least not without internal (inertial nav) or external augmentation. The Topcon web site describes millimeter-accuracy positioning capabilities for some of their products (intended for use in paving applications), but it isn't immediately obvious how that's accomplished. Again, not doubting what the AE team are doing in any way, just saying I don't understand how it works yet.