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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 significant new production orders and maintained strong margins, ” said Matt O’Connell, GeoEye’s CEO and president. “We have positioned the Company to resume growth from our government, international and commercial clients in the fourth quarter.”

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