GeoEye Revenue Up 2% Over 9 Months; Matt O’Connell Comments

Matt O’Connell GeoEye (NASDAQ: GEOY) announced financial results for the third quarter of its 2012 fiscal year, ended Sept. 30, 2012. The company reported $264.8 million in revenue for the first nine months of the fiscal year, representing a 2 percent increase over the $259.6 million from the prior year period. CEO Matt O’Connell said in the release the company’s service level agreement...

GeoEye CEO Matt O’Connell: Budget Uncertainty Led to DigitalGlobe Merger

GeoEye‘s (NASDAQ: GEOY) decision to sign a merger agreement with DigitalGlobe (NYSE: DGI) was prompted by uncertainty over funding for a GeoEye contract with the National Geospatial-Intelligence Agency, GeoEye CEO Matt O’Connell told the Washington Business Journal. In an interview with reporter Jill Aitoro, O’Connell estimated the 10-year, $3.8 billion contract with NGA for commercial...

GeoEye, DigitalGlobe Boards Approve $900M Merger; Matt O’Connell Comments

The boards of directors at GeoEye (NASDAQ: GEOY) and DigitalGlobe (NYSE: DGI) have approved a merger, which will be a combined stock and cash transaction worth approximately $900 million. The companies said Monday they expect to complete the transaction in either the fourth quarter of 2012 or the first quarter of 2013. A combined company would have lower dependence on the U.S. government as a source...

GeoEye Offers To Buy DigitalGlobe For $792M; Matt O’Connell Comments

GeoEye Inc. (NASDAQ: GEOY) has offered to acquire DigitalGlobe for approximately $792.7 million in cash and stock, or $17 per share. GeoEye CEO Matt O’Connell said in a Friday release that a combined company is better positioned to provide the government with geospatial intelligence and satellite imagery during an era of reduced budgets. DigitalGlobe said in a Friday announcement that its board...

GeoEye 2011 Revenues Grow 5%

GeoEye (NASDAQ: GEOY) released its third quarter financial results on Nov. 1, 2011. The company reported it has generated $259.6 million in revenue in the nine months ending Sept. 31, a 4.8 percent increase over the the $247.8 million it reported for the prior year period. “We renewed our service level agreement with the National Geospatial-Intelligence Agency for another year, booked some...

GeoEye Expands Portfolio; Buys Geospatial Analytics Firm SPADAC

GeoEye (Nasdaq: GEOY) has reached a deal to purchase SPADAC Inc. for $46 million in cash and stock. SPADAC focuses on geospatial predictive analytics. Following move, SPADAC will function as a wholly owned subsidiary named GeoEye Analytics. “GeoEye is pleased to welcome SPADAC’s highly skilled employees to our team,” GeoEye CEO Matt O’Connell said. “We have worked together...

GeoEye Names Chris Tully SVP, Sales

GeoEye, Inc. (Nasdaq: GEOY) has appointed of Chris Tully to the newly created position of senior vice president of Sales. He will report directly to the Company’s chief executive officer and president and have responsibility for the overall management, organizational vision and strategic direction of GeoEye’s sales organization. “We are thrilled to have Chris join the GeoEye team....

GeoEye Unveils 2009 Financial Numbers

According to GeoEye, total revenues for the calendar year that ended Dec. 31, 2009 were $271.1 million, an 84.9 percent increase from $146.7 million in the calendar year which ended Dec. 31, 2008. The Company’s adjusted EBITDA for the calendar year that ended Dec. 31, 2009 was $132.2 million, an increase of approximately 232.9 percent from the same period in 2008. Net income for the calendar...