HERNDON, Va. - GeoEye announced the receipt of a $111 million cost-share payment from the National Geospatial-Intelligence Agency (NGA). In early June, the company successfully passed a major milestone in their GeoEye-2 satellite’s development as part of the NGA’s EnhancedView program, triggering this cost-share payment.
GeoEye’s Chief Executive Officer Matt O’Connell said, “In passing
this critical milestone and receiving the $111 million cost-share payment,
GeoEye has once again demonstrated its technical leadership and its ability to
meet the U.S.
government’s stringent EnhancedView program requirements, on time and on
budget. Most importantly, GeoEye-2 will provide our warfighters with exceptional,
unclassified imagery on a daily basis, anytime and anywhere in the world.”
When operational in 2013, GeoEye-2 will provide cost-effective,
shareable imagery for the U.S.
government and its many other customers, which is particularly important during
times of global crisis. GeoEye-2 will set new standards with collection
capabilities, accuracy and resolution. Collecting at 34-centimeter resolution,
GeoEye-2 will be an important long-term security asset for the DoD,
intelligence and other U.S.
GeoEye Receives $111 Million Cost-Share Payment from the NGA
June 28, 2012