GeoEye… Seeking Russia

GeoEye, Inc. (Nasdaq: GEOY) has signed a multi-year, multi-million dollar order with its Russian reseller, ScanEx Research and Development Center, for more than two million square kilometers of high-resolution satellite imagery. GeoEye‘s high-resolution IKONOS satellite will capture imagery of infrastructure facilities, major population centers and tourist locations over Russia and neighboring areas. ScanEx is also able to sell imagery from thev GeoEye-1 Earth-imaging satellite.

IKONOS is the world’s first high-resolution Earth-imaging satellite able to see objects on the ground as small as 82 cm in size. GeoEye has already begun building GeoEye-2, its next generation commercial-imaging satellite slated for launch in late 2012.