DigitalGlobe Builds Third WorldView-3 Satellite for 2014 Launch; Jeffrey Tarr Comments

Digital-GlobeDigitalGlobe Inc. is on track to complete its third worldview-class satellite for a scheduled launch in mid-2014, according to a company statement.

WorldView-3 is included in the company's enhanced view contract with the U.S. National Geospatial-Intelligence Agency and is meant to offer spectral diversity and multiple short-wave infrared bands for clear imaging through air-born particulates.

It will operate at an altitude of 383 miles and bring the collection capacity of the DigitalGlobe constellation to over 4.2 million sq km per day.

As part of the project, the company plans to push through with a 2013 launch for GeoEye-2 so that it can be available as a ground spare or replacement for other on-orbit satellites.

“This plan reduces our risk profile and capital footprint,“ said Jeffrey R. Tarr, DigitalGlobe president and CEO, adding, “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,” Tarr added.

DigitalGlobe and GeoEye recently completed their $900 million cash-and-stock merger, resulting in a broader set of products and services.

DigitalGlobe will announce its earnings for 2012 and capital expenditure forecast for 2013 later this month.

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Written by David J. Barton

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