U.S. budget pressures force commercial imaging consolidation
DigitalGlobe's proposed $453 million takeover of competitor GeoEye ends a year of speculation as to whether the two commercial satellite imaging providers could survive the current U.S. budget crunch. Both companies have made substantial capital investments based on what they believed was the government's commitment to EnhancedView, a decade-long program valued at $7.3 billion under which the Pentagon is buying high-resolution optical satellite imagery from DigitalGlobe and GeoEye. But ...
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