DigitalGlobe Awarded Sole-Source Contract to Provide Advanced Analytic Services to the DIA
June 20 2016 - 8:00AM
Business Wire
DigitalGlobe, Inc. (NYSE: DGI), the global leader in earth
imagery and information about our changing planet, announced today
that it has been awarded a direct contract with the U.S. Defense
Intelligence Agency (DIA) through its government services business,
DigitalGlobe Intelligence Solutions, to deliver advanced analytic
services. This contract vehicle builds on a relationship
DigitalGlobe has with the DIA that originated through a series of
subcontracting relationships.
This sole-source, cost-plus-fixed-fee contract was awarded to
DigitalGlobe’s GeoEye Analytics Inc., a wholly owned legal entity
of DigitalGlobe, with a ceiling value of $55 million and an
estimated completion date of June 2021. This contract will provide
DigitalGlobe with a means of providing ongoing mission support to
the DIA with innovative all-source analytic solutions. Given that
this contract is a continuation of an existing customer
relationship, the estimated revenue and contributing EBITDA
associated with this customer is already incorporated in the
current DigitalGlobe 2016 guidance.
“This award is a vote of confidence in DigitalGlobe’s ability to
deliver advanced analytic expertise to meet the DIA’s unique and
demanding intelligence requirements,” said Tony Frazier,
DigitalGlobe SVP and General Manager of Services. “This sole-source
contract award is consistent with our intent to develop more direct
relationships with our U.S. Government customers and enables us to
deliver sustained innovation in support of the Intelligence
Community mission. I’m excited to extend our partnership with the
DIA, building on our pedigree of developing advanced all-source
analytics and big data platforms to help our customers discover
mission-critical information and narrow the search space.”
The DIA announcement was released on June 14, 2016 via
http://www.defense.gov/News/Contracts/Contract-View/Article/799200
(HHM402-16-C-0012)
About DigitalGlobeDigitalGlobe 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 statementsCertain
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
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“potential,” “continue” or “looks forward to” or the negative of
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Forward-looking statements are based upon our current
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forward looking statements. Some of the risk and uncertainties that
could cause actual results to differ include, but are not limited
to: the loss or reduction in scope of any of our primary contracts,
or decisions by customers not to exercise renewal options; the
availability of government funding for our products and services
both domestically and internationally; our ability to meet our
obligations under the EnhancedView contract; our reliance on a
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ability to distribute our imagery products and services. Additional
information concerning these and other risk factors can be found in
our filings with the Securities and Exchange Commission, including
Item 1A of our Annual Report on Form 10-K for the year ended
December 31, 2015.
We undertake no obligation to revise or update any
forward-looking statements, except as required by law. Readers are
cautioned not to place undue reliance on any of these
forward-looking statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20160620005424/en/
Edelman for DigitalGlobeAshley Chauvin,
212-277-3818DigitalGlobe@edelman.comorInvestor RelationsFred
Graffam, 303-684-1692ir@digitalglobe.com
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