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Business/Financial

IKONOS Satellite On Orbit Nine Years

DDN

Monday, September 29th, 2008

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The IKONOS commercial remote sensing satellite has been on orbit and continues to function, Lockheed Martin Corp. [LMT] announced. GeoEye Inc. [GEOY] owns and operates the bird, which supplies high-resolution imagery of Earth that GeoEye sells to commercial and government customers. The satellite was launched Sept. 24, 1999, with an expected life expectance of five to seven years, so it has exceeded its useful service by at least two years, with Lockheed predicting it may continue working into the next…

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