ORBIMAGE completes acquisition of Space Imaging
Posted: Fri, Jan 13, 2006, 6:10 AM ET (1110 GMT)
Commercial remote sensing company ORBIMAGE announced Thursday that it has completed its acquisition of rival company Space Imaging, and that the merged company will operate under a new name. ORBIMAGE announced last year that it would acquire Space Imaging for $58.5 million less debt, and received regulatory approval for the deal on December 22. The merged company, which will operate under the new name GeoEye, is the largest commercial satellite remote sensing company, with combined 2005 revenues of $160 million. The company operates two high-resolution imagery satellites, Ikonos and OrbView-3, as well as a lower resolution satellite, OrbView-2. A new high-resolution satellite, OrbView-5, is scheduled to launch in 2007, and the company is considering developing a similar satellite.
Commercial remote sensing company ORBIMAGE announced Thursday that it has completed its acquisition of rival company Space Imaging, and that the merged company will operate under a new name. ORBIMAGE announced last year that it would acquire Space Imaging for $58.5 million less debt, and received regulatory approval for the deal on December 22. The merged company, which will operate under the new name GeoEye, is the largest commercial satellite remote sensing company, with combined 2005 revenues of $160 million. The company operates two high-resolution imagery satellites, Ikonos and OrbView-3, as well as a lower resolution satellite, OrbView-2. A new high-resolution satellite, OrbView-5, is scheduled to launch in 2007, and the company is considering developing a similar satellite.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
news links
|
|
Monday, March 15
Space export control reform: the different schools of thought and a proposed way forward
The Space Review — 12:07 pm ET (1607 GMT) Shuttle supporters’ last stand?
The Space Review — 12:07 pm ET (1607 GMT) Mike Griffin’s greatest mistake
The Space Review — 12:06 pm ET (1606 GMT) Obama picks a Tea Party Tax Day for his space summit
The Space Review — 12:06 pm ET (1606 GMT) Review: My Dream of Stars
The Space Review — 12:05 pm ET (1605 GMT) |