GeoEye Says Satellite Contract is Worth $3.8 Billion – High Resolution Imagery Featured in Article

GeoEye, the Dulles-based satellite imaging company, on Monday confirmed details of a $3.8 billion contract it won from the National Geospatial-Intelligence Agency, which was announced Friday. About $2.8 billion is for commercial satellite imagery purchases over the next 10 years, in an extension of an existing contract for $150 million per year for 10 years. Another $184 million per year for seven years is for the use of the satellite GeoEye-2 starting in 2013. The deal puts $337 million toward developing and launching the GeoEye-2, and $700 million for support products and services.

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About webmastergeoeye

GeoEye is a leading source of geospatial information and insight for decision makers and analysts who need a clear understanding of our changing world to protect lives, manage risk and optimize resources. Each day, organizations in defense and intelligence, public safety, critical infrastructure, energy, and online media rely on GeoEye’s imagery, tools and expertise to support important missions around the globe. Widely recognized as a pioneer in high-resolution satellite imagery, GeoEye has evolved into a complete provider of geospatial intelligence solutions. GeoEye’s ability to collect, process and analyze massive amounts of geospatial data allows our customers to quickly see precise changes on the ground and anticipate where events may occur in the future. GeoEye is a public company listed on NASDAQ as GEOY and is headquartered in Herndon, Virginia, with more than 700 employees worldwide. View all posts by webmastergeoeye

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