GeoEye, Inc. (GEOY)
Rick Wright talks to the VP of Communications and Marketing of the GeoEye Foundation, Mark Brender. GeoEye was formed as a result of the ORBIMAGE acquisition of Space Imaging, which was completed in January 2006, GeoEye is the largest commercial remote sensing company in the world. ORBIMAGE bought Space Imaging after the latter put itself up for sale in early 2005, primarily because it had lost its competitive position in the U.S. remote sensing industry when it was not awarded an important National Geospatial-Intelligence Agency (NGA) NextView contract. ORBIMAGE, on the other hand, did receive the second NextView contract in September 2004. The contract is worth about $500 million and is for the development of a next-generation high-resolution remote sensing satellite now known as GeoEye-1. The company has long-term contracts in place with Microsoft and Yahoo! as a supplier of commercial satellite imagery for mapping services. Imagery for search engines is primarily drawn from the GeoEye archive of imagery which consists of some 278 million square kilometers. Listen to this podcast to learn more about GeoEye.
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