GeoEye Receives $111 Million Cost-Share Payment from the NGA

by Alexis Brumm
28 June 2012

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. government agencies.

Alexis Brumm

Alexis writes for GeoDataPoint and manages the news section of the site. She also compiles the GeoDataPoint eNews. Send your press releases to brumma@bnpmedia.com.