WESTMINSTER, Colo.— 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%.
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.