The National Geospatial-Intelligence Agency has certified imagery from the GeoEye-1 satellite, paving the way for GeoEye to start recognizing revenue of $12.5 million per month for 18 months, according to the signed contract. GeoEye-1 launched in September with a panchromatic black and white resolution of 41 cm (16 in.) that can be combined with output from a multispectral sensor (1.65 meter) to create color imagery. NGA paid half of the development cost of GeoEye-1, and will receive half of the imaging capacity of the satellite for the first 18 months of operation.
Stock pick sites have been following these developments closely as the current market valuation of the company ($336 Million) is well below the value of the GeoEye-1 satellite ($502 Million). The stock is currently trading at $18.75 off almost half from the 52-week high of $35.14 on March 12, 2008.
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0.41 centimeters? That does not pass the giggle test. Move the decimal point one digit to the left.
You’re right! It’s 41 centimetres (16 in) panchromatic and 1.65 meter multispectral.