NGA casts uncertainty over EnhancedView payments to GeoEye |
23 June 2012
The U.S. government on June 22 told commercial Earth observation imagery provider GeoEye that it will be canceling key elements of a 10-year, $3.8 billion contract with the company because of expected budget cuts.
The exact size of the funding gap between what GeoEye expected and what it will receive remains unclear.
It depends in part on whether GeoEye meets new performance milestones, and in part on whether the U.S. Congress agrees to the apparent policy shift reducing the role of commercial suppliers in meeting U.S. government satellite-imagery demand.
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Source: Space News