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Archive for the ‘GeoEYE’ Category

GeoEye announces proposal to acquire DigitalGlobe, DigitalGlobe rejects it

Monday, May 7th, 2012

On Friday, May 4, GeoEye held an investor webcast announcing that it proposes to acquire DigitalGlobe, Inc., seen by DigitalGlobe as a “public hostile offer.” The combination of these two satellite imaging companies would form the world’s largest fleet of high resolution commercial imagery satellites, according to GeoEye.

Matt O’Connell CEO and President of GeoEye, said that the two companies combined would result in “greater capabilities to meet national security needs, be more cost effective to the U.S. government during a fiscally restrained period, improve value to decision makers, warfighters and shareholders.”

A quick overview of the proposed acquisition: DigitalGlobe shareholders will receive $17.00 per share in total consideration, payable $8.50 per share in cash and $8.50 in GeoEye stock, or 0.3537 shares of GeoEye stock for each share of DigitalGlobe stock. This price represents a 26% premium to DigitalGlobe’s closing share price on May 3, 2012. According to O’Connell, the proposal is structured to provide DigitalGlobe shareholders with the opportunity to participate in the dynamic future growth of the combined company.

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The importance of U.S. commercial satellite imagery

Friday, April 13th, 2012

High resolution imagery of sub-meter – less than 40 inches – is only available from GeoEye, DigitalGlobe, Astrium Geo, and ImageSat. It is what the stuff of Google is made of. GeoEye and DigitalGlobe represent approximately 75% of this market, and 2/3 of their revenue is tied to the U.S.  government. There are lots of free, government sources of satellite imagery like Landsat, and weather satellites from NASA and NOAA, but these are not high-resolution satellites that can zoom in on your house, or support 3D modeling for engineering and virtual reality-type applications.

Read about why U.S. commercial satellite imagery is important:

The Fate of U.S. Commercial Satellite Imagery – and why you should care LBx Journal

 

GeoEye’s IKONOS satellite captures one-meter image one day after tornado touch down

Monday, March 5th, 2012

This one-meter resolution satellite image by of Harrisburg, Illinois, by GeoEye was collected March 1, 2012, just one day after a Level 4 tornado touched down on February 29, 2012.

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GeoEye publishes images of the Sahara Desert, Eastern Algeria

Friday, February 10th, 2012

In GeoEye’s gallery are numerous high resolution images of locations across the globe. The Eastern Algerian portion of the Sahara is an otherworldly place, a region of great diversity with endless stretches of sand dunes and rocky platforms that can reach more than 2,000 meters. The Tassili n’Ajjer “Plateau of the Rivers” National Park is a vast plateau in southeast Algeria at the borders of Libya, Niger, and Mali, covering 72,000 square kilometers. Satellite Image Courtesy of GeoEye

Satellite imagery in Colorado may face steep federal budget cuts

Wednesday, February 8th, 2012

The Denver area has become a center of satellite imagery providers in recent years. Proposed steep cuts in the U.S. Department of Defense budget could affect satellite-imagery providers DigitalGlobe, headquartered in Longmont, and GeoEye,based in Virginia with a processing and operations center in Thornton. Combined, the companies have about 1,200 employees.

 

This satellite image made available Sept. 26, 2009, by DigitalGlobe shows the suspected Iranian nuclear facility of Fordo near the holy Shiite city of Qom, where Iran is has begun enriching uranium, according to the U.N. atomic watchdog group, the International Atomic Energy Agency. (AFP/Getty Images file)

 

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GeoEye and TerraGo Team Up to Offer Spatial Imagery on the Go

Monday, October 10th, 2011

According to Frost & Sullivan analyst Daniel Longfield: “The explosion in the collection of advanced imagery and other spatial data and its consumption by non-GIS experts necessitates solutions to make data-rich intelligence more conveniently available and actionable by the broader enterprise and in the field.”

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GeoEye/Esri contract to license high resolution imagery

Thursday, April 14th, 2011

According to a press announcement today, GeoEye has signed a strategic contract with Esri to license a large amount of high-resolution imagery to produce a global, static cache map layer. The imagery will be available to Esri users via ArcGIS.com, a system that allows for work with GIS desktops, Web browsers and mobile devices.

ITT Exelis



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