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GeoEye Inc. (GEOY) to Launch Satellite August 22nd

GeoEye, Inc. (GEOY) is a provider of space-based and aerial imagery, and geospatial information through both high and low resolution imagery, imagery-derived products, and image processing services to customers worldwide. The company operates a constellation of Earth imaging satellites, along with mapping aircraft, and also has an international network of ground stations.

GeoEye’s imagery information products enable customers to map, measure, and monitor the earth. The company has a number of both foreign and domestic customers and these include both private companies and government agencies. Some of the applications for their imagery include: national security, intelligence gathering, homeland defense, precision mapping, construction planning, environmental monitoring, national disaster assessment, oil and gas and mining exploration, and a host of other applications. The company is recognized as the industry’s most trusted imagery expert for delivering reliable service and exceptional quality. In fact, GeoEye is considered to be the premier provider of geospatial information for the national security industry.

GeoEye announced an August 22, 2008 launch date for its very important, next-generation earth imaging satellite, GeoEye-1. The company finalized this launch date with Boeing Launch Services in an amendment to the original agreement, which was signed on May 7, 2008. Once launched, the GeoEye-1 satellite will be the world’s highest resolution and most accurate commercial imaging satellite. This will continue to give them a leadership position in this niche industry.

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