Subscribe free to our newsletters via your
. 24/7 Space News .

GeoEye Wins National Geospatial-Intelligence Agency Enhanced View Award
by Staff Writers
Dulles VA (SPX) Aug 10, 2010


GeoEye has announced it won a $3.8 billion contract award from the National Geospatial-Intelligence Agency (NGA) for increased commercial satellite-imaging capacity.

This competitively awarded contract supports the EnhancedView program by providing products and services that will help meet the increasing geospatial intelligence needs of the intelligence community and Department of Defense.

The award includes the following components with $2.8 billion for commercial satellite imagery purchases over the next ten years as follows:

+ An extension of the NGA's current ability to purchase commercial imagery from the Company's existing satellite constellation under a Service Level Agreement (SLA) for $150 million per year.

+ An additional award to purchase commercial imagery, when GeoEye-2 becomes operational in 2013, for approximately $184 million per year for seven years.

+ $337 million cost share for the development and launch of GeoEye-2.

+ $700 million for value-added products and services to include the design and procurement of additional infrastructure to support government operations. This also includes our EyeQ Web Mapping Services to be delivered under the SLA.

The period of performance for the contract runs initially from Sept. 1, 2010, to Aug. 31, 2011, with nine, one-year options. As with all government contracts, funding is subject to annual congressional budget approval.

Matt O'Connell, GeoEye's chief executive officer and president, said, "We are very gratified by this award. With this award, we'll continue the accelerated development of our GeoEye-2 satellite so that it is operational in 2013. We will also upgrade our infrastructure and continue expanding our Web-delivery systems so that we can deliver the world's best commercial imagery to the NGA and our other customers anywhere, anytime."

"We have been proud to serve the NGA for more than two decades, and we look forward to continuing this strong legacy of service as commercial imagery becomes fully integrated into the national imagery architecture," said Bill Schuster, GeoEye's chief operating officer.

"We're particularly proud that the NGA has chosen us to support their important EnhancedView program and to help ensure that the nation has access to the best commercial imagery in the world."

related report
DigitalGlobe Secures $3.55 Billion EnhancedView Agreement with National Geospatial Intelligence Agency (NGA)
DigitalGlobe has announced that it has entered into a $3.55 billion agreement with NGA, under the EnhancedView procurement, effective September 1, 2010 upon expiration of the company's NextView Agreement.

The agreement provides for DigitalGlobe to supply satellite imagery deliveries from the WorldView satellite constellation under a Service Level Agreement ("EnhancedView SLA") in a total amount of $2.8 billion. The agreement also provides for up to $750 million for value added products, infrastructure enhancements and other services.

The agreement has a ten year term, inclusive of nine one-year options exercisable by NGA, and is subject to Congressional appropriations and the right of NGA to terminate or suspend the contract at any time.

The EnhancedView SLA portion of the award is sized at $2.8 billion over the term of the contract; $250 million annually, or $20.8 million per month, for the first four contract years, commencing September 1, 2010, with an increase to $300 million annually, or $25 million per month, for the remaining six years of the agreement term.

To support requirements under the agreement, DigitalGlobe will immediately begin procurement and construction of its next satellite, WorldView-3, which the Company anticipates will be ready for launch by the end of 2014.

Updated Full-Year 2010 Outlook
As a result on the EnhancedView SLA, DigitalGlobe is updating its full-year 2010 outlook as follows:

+ Full-year 2010 total revenue is expected to be between $340 million and $360 million.

+ Full-year 2010 diluted earnings per share are expected to be between $0.40 and $0.55.

+ Full-year 2010 Adjusted EBITDA is expected to be between $195 million and $210 million, with margins between 57% and 59%.

+ Total capital expenditures for 2010 are expected to be between $110 and $120 million, including between $30 and $35 million related to maintenance and between $80 and $85 million related to incremental capital required to meet new requirements of the EnhancedView SLA.


Related Links
The latest information about the Commercial Satellite Industry

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Inmarsat Invests Over One Billion Dollars In Ka-band Network
London, UK (SPX) Aug 09, 2010
Inmarsat has agreed a contract with Boeing for the delivery of three state-of-the-art 702HP Ka-band satellites which, through a new network, will deliver speeds of up to 50 megabits per second (Mbps) to customers. The satellites will make up the new Inmarsat-5 (I-5) constellation that will enable the company to deliver a unique global high-speed mobile broadband service offering. Wit ... read more

NASA Seeks Data From Innovative Lunar Demonstrations

Mimicking The Moon's Surface In The Basement

Russia To Launch Moon Probe In 2012

Neil Armstrong, first man on the moon, to turn 80

Spirit In Sweep And Beep Mode

Opportunity Performs Science And Rolls To Endeavour Crater

Hundreds Of New Views From Telescope Orbiting Mars

New Project Manager For Mars Reconnaissance Orbiter

Hawking: Outer space offers human survival

Training Astronauts For Space - Under Water

Senate passes its version of NASA budget

This Month In Exploration - August

China Contributes To Space-Based Information Access A Lot

China Sends Research Satellite Into Space

China eyes Argentina for space antenna

Seven More For Shenzhou

Astronauts plan second spacewalk to fix ISS cooling system

Third spacewalk needed to fix station cooling system: NASA

Next Spacewalk No Earlier Than Wednesday

US astronauts begin key ISS repair spacewalk

Arianespace Announces Launch Contracts For Intelsat-20 And GSAT 10 Satellites

Arianespace Launches Two Satellites

New Rocket Launch Period In And Around Tanegashima

Kourou Spaceport Welcomes New Liquid Oxygen And Liquid Nitrogen Production Facility

Planets In Unusually Intimate Dance Around Dying Star

Detector Technology Could Help NASA Find Earth-Like Exoplanets

NASA Finds Super-Hot Planet With Unique Comet-Like Tail

Recipes For Renegade Planets

Nvidia chip team gets 25 million dollars from US military

Russia works with CIS to upgrade radar

Google phones unseat BlackBerry as top sellers in US

Acoustic Tests On New Glonass-K Satellite Completed

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement