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GeoEye Selects Lockheed Martin To Build Next-Generation Commercial Remote Sensing Satellite System

12 Mar 2010, 07:44 UTC
GeoEye Selects Lockheed Martin To Build Next-Generation Commercial Remote Sensing Satellite System
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SUNNYVALE, Calif., (Lockheed Martin) -- Lockheed Martin Space Systems Company, a core business area of the Lockheed Martin Corporation [NYSE: LMT], announced today that it has been selected by GeoEye, Inc. (NASDAQ: GEOY) to build the company's next-generation, high-resolution Earth imaging satellite system known as GeoEye-2. Financial terms are not being disclosed at this time.

Lockheed Martin has begun start-up activities and procurement of long-lead components to support the earliest possib [...]

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