In a move that the geospatial industry had been expecting, on Monday, GeoEye announced plans to combine with competitor DigitalGlobe in a deal worth $900 million. This move is in response to the National Geospatial-Intelligence Agency informing both companies that it plans to curtail funding for its $7.3 billion EnhancedView contract, pieces of which were awarded to both firms in 2010.
The two former competitors provide photos and satellite imagery from satellites that are contracted by the NGA, the products of which are generally sold to federal agencies, the military and other government institutions.
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