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GeoEye to keep an eye on farming crop subsidies for Europe

Virginia, USA, 20 April 2006: GeoEye, through its partner European Space Imaging (EUSI), has received an additional contract from the European Commission to supply OrbView-3 high-resolution map-accurate imagery. The contract was awarded on April 5, 2006 and is valued at $2.15 million (EUR 1.8 million) over the next four years. The imagery will be collected by the company’s OrbView-3 high-resolution earth-imaging satellite.

Together with its recently renewed three-year contract to supply imagery from GeoEye’s IKONOS high-resolution satellite, EUSI continues to be one of the largest suppliers of commercial satellite imagery to the European Commission. The imagery will be processed and delivered to the European Commission by EUSI located in Munich, Germany. The contract requires GeoEye to begin imagery collections over 24 specific European sites to support the European Commission’s agricultural subsidy controls.

The European Union is using satellite imagery as a tool to verify farmer’s declarations and claims for subsidies. In addition, the European Commission will use OrbView-3 imagery in support of national security related projects.