GeoEye (GEOY) Finalizes SLA Modification to Existing NextView Contract with National Geospatial-Intelligence Agency
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GeoEye, Inc. (Nasdaq: GEOY) announced today it has finalized a Service Level Agreement modification to the company's existing NextView contract with the National Geospatial-Intelligence Agency. The value of the SLA is $12.5 million per month for a period of one year.
GeoEye will provide satellite imagery products to the NGA under this agreement beginning with the commencement of commercial operations of its GeoEye-1 satellite. GeoEye-1 is undergoing final calibration and alignments. GeoEye expects to start selling GeoEye-1 products soon. The SLA also includes imagery from the Company's IKONOS satellite.
GeoEye, Inc., together with its subsidiaries, provides space-based, and aerial imagery and geospatial information.
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