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 to provide imagery to the National Geospatial-Intelligence Agency will conclude Dec. 1.

“We will continue to provide other services to the NGA under EnhancedView, including the Web delivery platform, secure operations and value-added production services, ” O’Connell said. “We continue to move forward with our combination with DigitalGlobe.

“We expect to close the transaction late this year or in the first quarter of 2013.”

GeoEye shareholders are scheduled to meet Dec. 3 to vote on the merger proposal.

Check Also

Congress

House Panel OKs Potential $740.5B Defense Spending Measure for FY 2021

The House Armed Services Committee unanimously passed on Wednesday a $740.5B defense policy bill for fiscal year 2021, The Hill reported Wednesday.

L3 KEO

L3Harris Subsidiary to Build Navy Submarine Sensor Under Potential $136M Contract

A subsidiary of L3Harris Technologies (NYSE: LHX) has been awarded a potential five-year, $135.8M contract to develop and test an optronic sensor technology for U.S. Navy submarines.