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GeoEye CEO: Increased Government Imagery Demand ‘Swamped’ Diversification Effort

Monday, September 24th, 2012

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GeoEye’s CEO said increased U.S. government demand for satellite earth imagery “kind of swamped” the company’s effort to diversify its business with more commercial and international income. “I think one thing that affected both of us was demand grew so fast on the U.S. government side that it kind of swamped the efforts to create more commercial and international revenue,” GeoEye CEO Matt O’Connell said in recent interview, referring to both GeoEye and rival DigitalGlobe [DGI]. “We’re proud of the…

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