Friday, January 6, 2012

GeoEye to Map Russia - GeoEye Featured in Washington Business Journal

Russia, the world's largest country by land mass, has hired Herndon-based GeoEye Inc. to help map and catalog the country's more than 49 million land parcels.

GeoEye is working with its Russian partner, ScanEx Research and Development Center, on the multi-year project. GeoEye did not disclose the value of the work, other than calling it a multimillion dollar contract.

Under terms of the contract, the Russian Federal Service for State Registration, Cadastre and Cartography will acquire archive imagery GeoEye has already collected of Russia. GeoEye (NASDAQ: GEOY) will also collect new imagery of Russia beginning this year.

Maps will include multiple layers of information on each land parcel, including ownership, permits, licenses, rights, restrictions, transactions and taxation. The Russian government will make the data available to both government agencies and the public.

Russia spans nine time zones and covers more than 6.6 million square miles, or about one-ninth of the Earth's land mass.

View the full article

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