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NGA Issues GeoEye $111 Million Cost-Share Payment For GeoEye-2 Test Delivery

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GeoEye said recently it received a $111 million cost-share payment from the National Geospatial-Intelligence Agency (NGA) for successfully delivering the GeoEye-2 commercial imagery satellite to subcontractor Lockheed Martin [LMT] in early June for testing. “In passing this critical milestone and receiving the $111 million cost-share payment, GeoEye has, once again, demonstrated its technical leadership and its ability to meet the U.S. government’s stringent EnhancedView program requirements on time and on budget,” GeoEye CEO Matt O’Connell said in a statement. NGA’s…

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