An Insured Future For IKONOS

Insurance in the amount of $20 million has been obtained by GeoEye, Inc., for their IKONOS satellite for 2008, with terms quite comparable to those the company received for insurance that satellite in 2007. A new analysis by Lockheed Martin Commercial Space Systems indicates the life expectancy of IKONOS into the next decade.



IKONOS was built and launched into low Earth orbit by Lockheed Martin in 1999. At that time, the satellite was expected to be operational for from five to seven years. Later, based on operational data, the estimated had IKONOS operational until the mid-2008 timeframe. Now that expectancy is well into the 2010 timeframe. The insurance broker is Wills Inspace—Dulles, Virginia