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.

You may also be interested in...

William Conley CTO Mercury Systems

Mercury Systems’ William Conley Joins NDIA Central Georgia Chapter Board

William Conley, chief technology officer of Mercury Systems (Nasdaq: MRCY), has been named to the board of directors for the National Defense Industrial Association's Central Georgia chapter. He will serve as a board member for a term of up to six years, Mercury Systems said Thursday.

Cloud IT

DHS Posts $3B Data Center, Cloud Solicitation

The Department of Homeland Security has issued a request for proposals for its indefinite-delivery/indefinite-quantity Data Center and Cloud Optimization contract worth potentially $3.35B over 10 years.