Friday, September 24, 2010

GeoEye Serves The Military, But Also Provides Pictures Of Hawaii - High Resolution Imagery Featured on Wall Street Journal

Looking for satellite photos of Colorado fire damage, flooding in Pakistan or a volcanic eruption in Iceland? Or happier images like islands, airports and soccer stadiums? GeoEye Inc. is the place. While the company's online gallery offers an impressive number of images, people searching for pictures of Hawaii provide less revenue than other facets of the company's business, like its military-focused services. The Dulles, Va., company just completed a $78 million sale of preferred stock to Cerberus Capital Management LP. Proceeds will be used to develop and launch the GeoEye-2 Earth-imaging satellite, slated to start operating in 2013. The funding was part of an agreement struck in March that was designed to support the company's bid for the National Geospatial-Intelligence Agency's EnhancedView award...

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