DigitalGlobe Gains New WorldView 4 Commitment

DigitalGlobe’s WorldView 4 satellite. Photo: Lockheed Martin

[Via Satellite 04-29-2016] A new international defense and intelligence customer has signed a letter of intent with DigitalGlobe to have direct access capacity on the operator’s WorldView 4 satellite. The three-year agreement increases the amount of annualized contracted revenue from international defense and intelligence customers to $43 million from $38 million, nearly all of which will start in 2017.

So far customer capacity commitments on WorldView 3 and WorldView 4 total $355 million from the third quarter of 2015, of which 65 percent is under firm contract. While there is no assurance that letters of intent will convert into firm contracts, DigitalGlobe says this has historically been the case.