GeoEye (GEOY) Triggers $111M Cost-Share Payment in Reaching New GeoEye-2 Milestone

GeoEye, Inc. (Nasdaq: GEOY), has successfully passed a major milestone for the development of the GeoEye-2 satellite under the EnhancedView program. GeoEye's completion of this milestone triggers the $111 million cost-share payment from the National Geospatial-Intelligence Agency (NGA). This critical milestone demonstrates the company's capabilities to meet all of the U.S. government's EnhancedView program requirements, on time and under this firm-fixed-price contract.

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