DigitalGlobe,
Inc. (NYSE: DGI), the global leader in earth imagery and information
about our changing planet, today announced an agreement to convert an
existing letter of intent into a definitive agreement to extend and
expand a contract with an existing international defense and
intelligence customer.
The contract was extended by four years, adding direct access to the
WorldView-3 satellite. This agreement was included in the previously
announced $38 million of incremental annual revenue starting in 2017
from contracts and letters of intent with international defense and
intelligence customers. Total commitments from these customers for
capacity on WorldView-3 and WorldView-4 stands at $335 million; and the
percentage under firm contract has increased from 60% to approximately
70%.
About DigitalGlobe
DigitalGlobe is a leading provider of commercial high-resolution earth
observation and advanced geospatial solutions that help decision makers
better understand our changing planet in order to save lives, resources
and time. Sourced from the world’s leading constellation, our imagery
solutions deliver unmatched coverage and capacity to meet our customers’
most demanding mission requirements. Each day customers in defense and
intelligence, public safety, civil agencies, map making and analysis,
environmental monitoring, oil and gas exploration, infrastructure
management, navigation technology, and providers of location-based
services depend on DigitalGlobe data, information, technology and
expertise to gain actionable insight.
Special note about forward-looking statements
Certain statements contained herein, including statements about our 2016
outlook, contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, as amended.
Forward-looking statements relate to future events or future financial
performance. We generally identify forward-looking statements by
terminology such as “may,” “will,” “should,” “expects,” “plans,”
“anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,”
“believes,” “estimates,” “predicts,” “potential,” “continue” or “looks
forward to” or the negative of these terms or other similar words,
although not all forward-looking statements contain these words.
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