The National Geospatial-Intelligence Agency has modified its annual contract with GeoEye for satellite imagery, the Washington Post reports.
According to Steven Overly’s report, NGA broke the year into two segments, one with three months and the other with nine months.
This lets the agency pay the company money it has now as opposed to waiting for the full balance at the end of the year.
CEO Matt O’Connell told Overly this gives NGA flexibility if Congress decides to keep funding for the EnhancedView program.
O’Connell added the company has pursued business beyond the federal government, including foreign governments and corporate clients in real estate and transportation.
GeoEye holds a position on that estimated $7.3 billion contract for satellite imagery and other services over 10 years.