NGA Renews DigitalGlobe’s Satellite Imagery Platform Contract

DigitalGlobe
DigitalGlobe (NYSE: DGI) will continue providing satellite imagery for National Geospatial-Intelligence Agency programs after NGA renewed the company’s Global Enhanced GEOINT Delivery contract. The company said Monday Global-EGD has an estimated 1.5 billion square miles of available imagery and an additional 579,153 square miles are updated daily for NGA to use in operational planning,...

Fred Graffam Takes Additional Role as DigitalGlobe Interim CFO; Jeffrey Tarr Comments

DigitalGlobe
Fred Graffam has assumed the role of interim chief financial officer at DigitalGlobe (NYSE: DGI) in addition to his position as vice president of financial planning and analysis. Graffam takes the additional role as the company continues to scout for the replacement of Yancey Spruill, DigitalGlobe said Wednesday. Jeffrey Tarr “Fred’s experience, coupled with the deep bench we have built within...

Jeffrey Tarr: DigitalGlobe to Repurchase Shares, Explore M&A

Jeffrey Tarr
Jeffrey Tarr Jeffrey Tarr, CEO of DigitalGlobe (NYSE: DGI), has outlined the company’s strategies to build shareholder value over time following the release of its financial results for the second fiscal quarter. Tarr said Thursday DigitalGlobe is looking into mergers and acquisitions as it executes a $75 million share repurchase plan within the next two years. For the quarter ended June...

Jeffrey Tarr: DigitalGlobe Receives Gov’t Approval for High-Res Imagery Sales

DigitalGlobe
DigitalGlobe (NYSE: DGI) has obtained permission from the U.S. Commerce Department to start offering customers high-resolution photos generated by the company’s earth imagery satellite constellation. The federal authorization will enable DigitalGlobe to sell up to 0.25-meter panchromatic resolution images as well as multi-spectral images at a 1-meter ground sample distance through a new WorldView...

DigitalGlobe Targets $400M Hi-Res Satellite Imagery Market; Yancey Spruill Comments

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Yancey Spruill DigitalGlobe Inc. (NYSE: DGI) is seeking to enter the higher-resolution satellite imagery global market which is worth around $400 million annually, Reuters reported Friday. Abhirup Roy and Mridhula Raghavan write DigitalGlobe last year applied with the Commerce Department for a permit to increase the resolution of its images from 50 centimeters to 25 cm. “There is a market opportunity...

Jeffrey Tarr: DigitalGlobe Achieved Double-Digit Growth in Q1

DigitalGlobe (NYSE: DGI) gained $156.5 million in revenue during the first quarter of its 2014 fiscal year ending March 31, representing a 23-percent year-over-year increase. Jeffrey Tarr, CEO of DigitalGlobe, said Thursday the company generated double-digit revenue growth in part due to expansion in its U.S. and government businesses worldwide, as well as integration programs. The earth observation...

Yancey Spruill to Leave DigitalGlobe as CFO; Jeffrey Tarr Comments

Yancey Spruill, chief financial officer at DigitalGlobe (NYSE: DGI), is set to depart his role on Oct. 1 after a 10-year career at the company. The geospatial imagery provider will work with Heidrick & Struggles to scout for Spruill’s successor, DigitalGlobe said Thursday. “Yancey’s contributions to DigitalGlobe over the last decade have been instrumental to our success,”...

DigitalGlobe Crowdsourcing Tech Used in Search for Missing Malaysia Airlines Plane

DigitalGlobe
DigitalGlobe (NYSE: DGI) has launched a program with its Tomnod crowdsourcing platform to help in the search of the Malaysia Airlines Boeing 777 jetliner that went missing on Saturday. The FirstLook subscription service works to compate pre- and post-event satellite imagery for emergency management functions, the company said Monday. Two DigitalGlobe satellites have collected images of the search...

DigitalGlobe Buys Digital Imagery Provider Spatial Energy; Jeffrey Tarr Comments

Jeffrey Tarr
Jeffrey Tarr DigitalGlobe (NYSE: DGI) has moved to grow its presence in the oil and gas market by acquiring digital imagery provider Spatial Energy for an undisclosed amount. Energy companies use Spatial Energy’s geospatial tools and services to manage exploration and production projects, DigitalGlobe said Wednesday. Jeffrey Tarr, CEO of DigitalGlobe, said the company intends for the Spatial...

DigitalGlobe Satellite Imagery Used to Monitor Forests in Russia and India

DigitalGlobe
DigitalGlobe has announced that the company is seeing a spike in the demand for its satellite imagery offerings in the inventory and protection of a county’s natural resources. The company said that some of its recent customers for forestry mapping and monitoring include India and Russia, DigitalGlobe said Thursday. Russia has renewed its high-resolution satellite imagery contract with DigitalGlobe’s...