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GeoEye expects near-term resolution on EnhancedView payments
08 August 2012
Satellite Earth imagery provider GeoEye Inc. on Aug. 7 said it expects to complete negotiations with the U.S. National Geospatial-Intelligence Agency (NGA) within the next couple of weeks to determine the extent of cuts to GeoEye's principal government contract.
The company also expects these negotiations to fix the conditions of NGA's remaining $70 million in cost-share payments related to the GeoEye-2 satellite scheduled for launch in early 2013.
In a conference call with investors and an Aug. 7 filing with the U.S. Securities and Exchange Commission, GeoEye said its planned merger with competitor DigitalGlobe late this year or early in 2013 will not affect the company's near-term talks with NGA or its progress toward the launch of Geoeye-2.
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Source: Space News
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