GeoEye (GEOY) Gets $111M Cost-Share Payment from NGA; Passes Major Milestone
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GeoEye, Inc. (Nasdaq: GEOY), announced the receipt of a $111 million cost-share payment from the National Geospatial-Intelligence Agency (NGA). In early June, the company successfully passed a major milestone in their GeoEye-2 satellite's development as part of the NGA's EnhancedView program, triggering this cost-share payment.
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