GeoEye Inc. expects by late October or early November to begin receiving the first images from its GeoEye-1 satellite, which after several delays was launched successfully Sept. 6 from Vandenberg Air Force Base, Calif., aboard a Boeing Delta 2 rocket. Meanwhile, the Dulles, Va.-based company also plans to have cleared from its books $29.5 million in tax-related interest and penalties that resulted from a restatement of its earnings for the past three years. Company officials have set their sights on GeoEye-1 to invigorate lagging imagery sales that account for a $16.5 million drop in revenue for the first half of 2008, compared to the first half of 2007.
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