Thursday, August 12, 2010

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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