Wednesday, August 12, 2009

GeoEye Produces Striking Financial Results; Doubles Revenue in Q2

We certainly embrace stories about USGIF members and major players doing well. And, we have a story to share along those lines. GeoEye reported that second-quarter revenue more than doubled to $72.7 million from $34.2 million from Q2 last year...

...Way to go GeoEye!! This news certainly reinforces the viability of GEOINT in the government sector and shows just how vital commercial imagery is to the security of our nation.

View the full article.

About GeoEye

GeoEye’s products and services enable timely, accurate, and accessible location intelligence. The company is recognized as one of the geospatial industry's most trusted imagery experts, delivering reliable service and exceptional quality imagery products and solutions to customers around the world. GeoEye has developed an advanced information technology infrastructure for collecting, receiving, processing and distributing imagery information products and processing services to the U.S. Government including the national security community as well as international governments and commercial customers. These products serve applications including defense and intelligence, precision mapping, on-line mapping, infrastructure development, planning and monitoring, and environmental assessment. The company collects tens of millions of square kilometers of imagery per year with its existing satellites and aerial assets, which includes GeoEye-1, the world’s highest resolution commercial imaging satellite. The company also provides support to academic institutions and non-governmental organizations through the GeoEye Foundation ( Headquartered in Dulles, Virginia, GeoEye is a public company listed on the NASDAQ stock exchange under the symbol GEOY. It maintains a comprehensive Quality Management System (QMS) and has achieved company-wide ISO accreditation.

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