Friday, August 13, 2010

GeoEye, DigitalGlobe Get $7 Billion from Intelligence Agency to Implement Next-Gen Satellite Imaging

The next generation of high resolution satellite imaging technology is on the way, at least if the United States government has anything to say about it. The National Geospatial Intelligence Agency has awarded satellite imaging firms GeoEye and DigitalGlobe, which provide images for Google and Microsoft among others, contracts upwards of $3.5 billion each to help them get the next wave of imaging technology into the sky. Longmont, Colo.-based DigitalGlobe was given a $3.55 billion 10-year contract, to be paid out in annual installments. Virginia-based GeoEye, whose high resolution photos have often been featured on PopSci.com, got the same terms on an even richer $3.8 billion contract. For that kind of cash, the government won't be accepting incremental improvements.


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