DigitalGlobe’s WorldView-3 Satellite Continues on Track for Mid-2014 Launch

DigitalGlobenews-room

Company Will Complete GeoEye-2 Satellite to Preserve as Ground Spare

LONGMONT, CO–(Marketwire – Feb 4, 2013) – DigitalGlobe, Inc. (NYSE: DGI) (“DigitalGlobe”) today announced that its previously planned satellite construction program related to its third WorldView-class satellite remains on track.

DigitalGlobe can now confirm that it plans to complete WorldView-3 on its original schedule to be ready for launch in mid-2014 in order to meet the requirements of its EnhancedView contract with the U.S. government. That contract calls for completion and launch of WorldView-3, which will offer the most spectral diversity available commercially and be the first to offer multiple Short-Wave Infrared bands that allow for accurate imaging through haze, fog, dust, smoke and other air-born particulates. DigitalGlobe’s largest customer, the National Geospatial-Intelligence Agency (NGA), has confirmed the requirements of DigitalGlobe’s EnhancedView contract remain unchanged.

Accordingly, following its just completed combination with GeoEye, DigitalGlobe intends to complete the construction of GeoEye-2 in 2013 and to preserve it as a ground spare to meet customer demand or as a replacement for other on-orbit satellites. Previously, GeoEye had expected to launch GeoEye-2 in 2013.

“After careful consideration and discussions with our largest customer and others, we have determined that launching WorldView-3 and preserving GeoEye-2 as a ground spare will best meet the collective needs of customers and shareowners alike,” said Jeffrey R. Tarr, President and Chief Executive Officer. “This plan reduces our risk profile and capital footprint, while giving our customers access to the most advanced earth observation capabilities available commercially. Furthermore, as we move forward, if demand exceeds our expectations, we will be well positioned to quickly expand our constellation. GeoEye-2 and WorldView-3 are extraordinary satellites, and I want to thank all of our team members and partners for their continued efforts toward their completion.”

Since completing its combination with GeoEye, DigitalGlobe now provides customers with access to a constellation of five earth observation satellites and a broad suite of high-value geospatial production and analytic services. Customers will benefit from a larger constellation with optimized orbits, and coordinated scheduling will collect imagery faster, increase persistence and enhance resilience.

DigitalGlobe intends to provide full-year 2013 financial guidance and an updated capital expenditure forecast when it announces fourth quarter 2012 and full year 2012 earnings on February 26, 2013.

 

Source:

http://media.digitalglobe.com/press-releases/digitalglobe-s-worldview-3-satellite-continues-on–nyse-dgi-981644

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