Overdue Consolidation May Stabilize Satellite Imagery Market
Credit: GEOEYE
Aiming to strike gold in the satellite imagery business, Lockheed Martin and Raytheon put up $750 million in the 1990s to create Space Imaging. But earlier this month the two powerhouses quietly exited the business, closing a deal to sell Space Imaging to competitor OrbImage for just $58.5 million...
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