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Business/Financial

GeoEye-1 Satellite Receives Certification; Company Begins Recognizing Revenues; Image Deliveries To NGA Begin Today

DDN

Monday, February 23rd, 2009

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The National Geospatial-Intelligence Agency (NGA) certified the GeoEye-1 satellite for meeting standards, GeoEye Inc. announced. That satellite now provides sub-half-meter ground resolution satellite imagery to NGA. This means GeoEye-1 is fully commissioned, so the company can begin recognizing revenue of $12.5 million per month under a service level agreement signed with NGA in December. Deliveries to NGA begin today. The NextView program is designed to ensure that the NGA has access to commercial imagery to provide timely, relevant and accurate…

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