Wednesday, October 27, 2010

GeoEye Finalizes Contract With Lockheed Martin to Complete the Construction of GeoEye-2 Satellite

GeoEye, Inc. (NASDAQ: GEOY), a premier provider of superior satellite and aerial-based geospatial information and services, announced today that GeoEye Imagery Collection Systems Inc., a wholly-owned subsidiary of GeoEye, Inc., has signed a procurement contract with Lockheed Martin Space Systems Company, an operating unit of Lockheed Martin Corporation (Bethesda, Md., NYSE: LMT), to complete the development and construction of the GeoEye-2 satellite and the associated command and control system. Prior to entering this procurement contract, GeoEye and Lockheed Martin have been performing long-lead development and procurement activities for the GeoEye-2 satellite under an interim purchase agreement...


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