Satellite Imagery Companies Brace for Cut in Federal Funding for Contracts

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By Washington Post | 02 April 2012 | 564

Herndon-based GeoEye and a competitor that also produces satellite images of Earth are bracing for a reduction in federal funding they had hoped would help sustain their businesses over the next decade. The National Geospatial-Intelligence Agency turned to the two companies in 2010 to augment the aerial-based imagery that federal agencies already collect from spy satellites, awarding a $7.3 billion contract to GeoEye and Longmont, Colo.-based Digital­Globe to provide high-resolution images over 10 years. Read More