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Author Archive

Wednesday, December 8th, 2010

GeoEye to Acquire SPADAC Inc.

GeoEye, Inc. (Nasdaq: GEOY), a premier provider of superior satellite and aerial-based geospatial information and services, announced today that it has agreed to purchase 100 percent of the stock of SPADAC Inc., a geospatial predictive analytics company, for $46 million in cash and stock. Upon the completion of the acquisition, SPADAC will become a wholly

Monday, December 6th, 2010

Lockheed Martin Team Completes GeoEye-2 Preliminary Design Review Ahead of Schedule

The Lockheed Martin team designing GeoEye’s next-generation, high-resolution imaging satellite, known as GeoEye-2, successfully completed the program’s Preliminary Design Review (PDR) three weeks ahead of the planned schedule. The successful PDR completion validated the spacecraft’s design maturity, meeting or exceeding all GeoEye standards and program requirements. Read More

Tuesday, November 9th, 2010

GeoEye Reports Strong 2010 Third Quarter Results

GeoEye, Inc. announced today strong revenue results for its fiscal third quarter ended Sept. 30, 2010. “For the third quarter, we delivered strong revenue growth, operating margins and adjusted EBITDA results,” said Matt O’Connell, chief executive officer and president. “The recent award of a ten-year EnhancedView contract by the National Geospatial-Intelligence Agency (NGA), worth up to

Tuesday, November 9th, 2010

GeoEye Reports Strong 2010 Third Quarter Results

GeoEye, Inc. (Nasdaq: GEOY), a premier provider of superior satellite and aerial geospatial information and services, announced today strong revenue results for its fiscal third quarter ended Sept. 30, 2010. Total revenues were $86.5 million for the third quarter of 2010, an 8.1% increase from $79.9 million for the third quarter of 2009. Learn More

Monday, November 1st, 2010

GeoEye Appoints Dr. William L. Ballhaus as New Board Member

GeoEye, Inc., a premier provider of superior satellite and aerial-based geospatial information and services, announced today that it has appointed Dr. William L. Ballhaus to serve on GeoEye’s board of directors. He joins nine other board members. Ballhaus, who holds a doctorate degree in aeronautics and astronautics, is currently a senior advisor and operating partner

Wednesday, October 27th, 2010

GeoEye Finalizes Contract With Lockheed Martin to Complete the Construction of GeoEye-2 Satellite

GeoEye, Inc. announced that GeoEye Imagery Collection Systems Inc., a wholly-owned subsidiary of GeoEye, Inc., has signed a procurement contract with Lockheed Martin Space Systems Company, an operating unit of Lockheed Martin Corporation, to complete the development and construction of the GeoEye-2 satellite and the associated command and control system. Prior to entering this procurement

Friday, October 1st, 2010

GeoEye Announces $125 Million Senior Notes Offering

GeoEye, Inc. (Nasdaq: GEOY), a leading provider of satellite and aerial-based geospatial information and services, announced today that it is commencing an underwritten offering of $125 million of senior secured notes due 2016. The Notes will be senior secured obligations of GeoEye and will be secured on a second-priority basis by the assets of GeoEye

Tuesday, August 24th, 2010

GeoEye Named One of Fortune Magazine’s ‘100 Fastest-Growing Companies’

GeoEye, Inc. (Nasdaq: GEOY), a premier provider of superior satellite and aerial-based geospatial information and services, announced today it has been ranked 84th on FORTUNE Magazine’s 2010 “100 Fastest-Growing Companies” list. The full list and related stories will appear in the Sept. 6, 2010 issue and is online at http://money.cnn.com/magazines/fortune/fortunefastestgrowing/2010/index.html.

Monday, August 9th, 2010

GeoEye Reports Record Revenues for Second Quarter 2010

GeoEye, Inc. (Nasdaq: GEOY), a premier provider of satellite, aerial and geospatial information, announced today record revenue results for its second quarter ended June 30, 2010. Total revenues were $81.0 million for the second quarter of 2010, an 11.4 percent increase from $72.7 million for the second quarter of 2009. Net income for the second

Sunday, August 8th, 2010

NGA Awards EnhancedView Commercial Imagery Contract

The National Geospatial-Intelligence Agency today awarded contracts for the EnhancedView commercial imagery program. DigitalGlobe Inc. of Longmont, Colo., received an award for $3.5 billion and GeoEye Imagery Collection Systems Inc. of Dulles, Va., an award for $3.8 billion. The period of performance for the contracts is 10 years if all options are exercised. Read More

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