GeoEye satellite gets full operational capability certification

GeoEye Inc said its earth-imaging satellite GeoEye-1 received full operational capability certification from National Geospatial-Intelligence Agency (NGA), sending its shares up more than 7 percent after the bell. GeoEye said it would begin delivering images to the agency on Feb. 23 and get a monthly revenue of $12.5 million. GeoEye-1, financed partly by a $500 million contract with the NGA, was launched in September 2008. Commercial operations started on Feb. 5 this year. More

(Source: Reuters - Feb 23)