DigitalGlobe Wins $3.55 Billion Contract, Boosts Low End Of Guidance
10 August 2010 - 4:04AM
Dow Jones News
DigitalGlobe (DGI) unveiled a 10-year contract valued at $3.55
billion with the National Geospatial-Intelligence Agency as the
provider of imaging services to the defense community lifted the
lower end of its 2010 guidance to reflect the deal.
Shares were up 15% at $31.99 in recent trading. The stock has
surged 72% the past year.
The deal includes a service agreement of $2.8 billion to provide
satellite images as well as $750 million for other products and
infrastructure improvements. The deal starts in September, and the
company will get $20.8 million a month the first four years and $25
million a month in the remaining six years of the contract.
To support its obligations under the contract, DigitalGlobe will
begin work on its next satellite, WorldView-3, which it anticipates
will be ready for launch at the end of 2014.
-By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com;
Digitalglobe, (delisted) (NYSE:DGI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Digitalglobe, (delisted) (NYSE:DGI)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Digitalglobe, (delisted) (New York Stock Exchange): 0 recent articles
More DigitalGlobe Inc. News Articles