Geoeye will launch its next generation spy satellite on September 4th. Assuming a successful launch, this deployment will ensure at a minimum of over $500 million in revenues from the US Air force. This amount is a guaranteed minimum and will likely be exceeded by both additional tasking orders from the US government and third party contracts from companies like GOOG. I assume the launch will be successful over 96% are. Given that the stock will very likely trade over $40 in very short order. I strongly recommend that you check this company out.
Aug 18, 2008 (M2 EQUITYBITES via COMTEX) -- GeoEye Inc (Nasdaq: GEOY), a provider of geospatial information, announced on 15 August that the US Air Force 30th Space Wing at Vandenberg Air Force Base has approved the launch date for the company's new GeoEye-1 satellite.
The date for the launch is 4 September 2008.
The company said that the previously reported retest of a booster range safety antenna was successfully completed on 14 August 2008. The next step in the pre-launch sequence is reportedly the mating of the GeoEye-1 spacecraft with the Delta II booster, which will occur early next week.
The new satellite is designed to offer three-metre accuracy, which means that end users can map natural and man-made features to within three metres of their actual locations on the surface of the Earth without ground control points.
GeoEye-1 was financed in part by GeoEye's approximate USD500m contract with the National Geospatial-Intelligence Agency (NGA).
$22.33 (08/28/08)
