GeoEye, Inc.’s [NASDAQ:GEOY] CEO, Matthew O’Connell, has been awarded the Intelligence Achievement Award for Industry from the United States Geospatial Foundation (USGIF). The presentation to Mr. O’Connell will occur on October 24th at the USGIF’s Hall of Fame banquet during the GEOINT 2007 symposium in San Antonio, Texas.
Plus, the company has now contracted with ITT Corporation [NYSE:ITT] to start work on the camera for GeoEye’s next satellite, GeoEye-2. This is a phased development process, which will result in an advanced, thirdgen satellite that’s capable of imaging objects on the Earth’s surface as small as 0.25-meter (9.75-inch) in size. GeoEye full expects to have a satellite builder under contract next year and to launch the satellite three years later—Dulles, Virginia
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