GeoEye Receives $111 Million Cost-Share Contract for Satellite ISR

GeoEye Incorporated, Herndon, Virginia, a leading source of geospatial information and insight, 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. When operational in 2013, GeoEye-2 will collect at 34-centimeter resolution imagery and will provide cost-effective, shareable imagery for the U.S. government and other customers.