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Jeffrey Tarr: DigitalGlobe Invests in WorldView Satellite Life Extension

Jeffrey Tarr: DigitalGlobe Invests in WorldView Satellite Life Extension - top government contractors - best government contracting event
Jeffrey Tarr
Jeff Tarr
Jeff Tarr

DigitalGlobe has invested an undisclosed amount of money to increase the useful lives of the company’s two older Earth observation satellites.

The goal is to extend the WorldView-1 service life by 2.5 years until the fourth quarter of 2020 and the WorldView-2 lifespan by 2 years through 2022, DigitalGlobe said Thursday.

Jeffrey Tarr, DigitalGlobe CEO, believes the extensions could reduce sustainment costs for the satellites over the long term.

The company also expects the changes to lower non-cash amortization of deferred revenue and depreciation expense during the platforms’ useful lives.

DigitalGlobe has also assigned an 11.5-year operational service to WorldView-3.

WorldView-3 was launched in August 2014 and is scheduled to operate through the first quarter of 2026.

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Written by Mary-Louise Hoffman

is a writer of news summaries about executive-level business activity in the government contracting sector. Her reports for ExecutiveBiz are focused on trends and events that drive the GovCon industry to include commercial technologies that private companies are developing for federal government use. She contributes news content to ExecutiveBiz’s sister sites GovCon Wire and ExecutiveGov.

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