GeoEye 4Q International Revenue Jumps 45%, Operating Profit 12%

GeoEye Inc. (NASDAQ: GEOY) has released financial results for the fourth quarter of its 2011 fiscal year ended Dec. 31.

The company reported it realized a more than 12 percent increase in operating profit year-over-year to $26.6 million.

It also said it generated $96.8 million in fourth quarter revenue, a 17 percent increase over results from its 2010 fourth quarter.

Sixty-six percent of revenue came from domestic business, according to company figures, but international revenues increased 45 percent over the prior year period. U.S. revenues grew 7 percent over that time.

ScanEx, a GeoEye product reseller, recently won a multi-year contract with Russia’s cadastre agency to track land sales with GeoEye’s image library.

The Herndon, Va.-based satellite imagery provider also recently signed a multi-year agreement to embed imagery for hundreds of international airports into GE Aviation products and services.

It is also developing a global crisis response service with Esri, which GeoEye said is the largest worldwide provider of national geographic information systems software for customers including governments and first responders.

Quarterly domestic business included a renewal of the company’s EnhancedView Service Level Agreement with the National Geospatial-Intelligence Agency, which runs through Sept. 1 and has eight outstanding option periods remaining.

The company said it recognized $37.2 million in quarterly revenue from the NGA agreement.

It also reported that it invested $268.8 million in 2011 into development and construction of its GeoEye-2 satellite, bringing its total investment into the program to $578.7 million total.

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