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GeoEye Looks Good Long-Term

Stock quotes in this article: GOOG , GEOY  

Updated from 12:10 p.m. EDT

By Chris Fernandez of PeakStocks.com

The Pentagon and the head of U.S. intelligence signed an agreement on Aug. 15 to buy and jointly manage two imagery satellites, a move that last month John Young, Pentagon acquisition chief, warned was inconsistent with a presidential directive to maximize commercial imagery.

The two commercial satellites would cost about $1.7 billion and would be launched around 2012. ...

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