ORBIMAGE completes acquisition of Space Imaging
Posted: Fri, Jan 13, 2006, 7:10 AM ET (1210 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
|
|
Thursday, October 29
Firefly’s SciTec Achieves Operational Milestone for U.S. Space Force FORGE System
Firefly Aerospace — 4:20 am ET (0820 GMT) The US space industry will suffer for Ukraine’s Starlink outage, experts say
Defense One — 4:19 am ET (0819 GMT) Astroscale Awarded £15 million MOD Contract as UK Government Strengthens Focus on Resilience in Space
Astroscale — 4:17 am ET (0817 GMT) Pentagon Watchdog Declines to Probe Ukraine Intel, Starlink Cuts
Bloomberg News — 4:17 am ET (0817 GMT) On-orbit services firm secures £15m MOD contract for new space defence programme
Insider Media — 4:15 am ET (0815 GMT) |
