GeoEye Set To Cultivate Commercial Sales

GeoEye, a provider of high-resolution optical imagery to the intelligence community, is building an $800 million satellite scheduled to be lofted next year for a U.S. government customer that may not be able to use it. In June the National Geospatial-Intelligence Agency (NGA) notified GeoEye it would be unable to co-finance construction and launch of the GeoEye-2 commercial remote-sensing spacecraft beyond $181 million already appropriated by Congress. Although NGA paid out $111 million of that money June 28, the move leaves GeoEye short about $156 million expected under the terms of its $3.8 billion EnhancedView contract signed with NGA in 2010 ...