Imagery providers could face federal budget cuts

04/24/2012 | CNBC

The Obama administration may be looking to cut imaging funding by more than half in its fiscal 2013 budget proposal, sources say. While the government has not officially proposed a funding level for satellite imagery programs, military officials believe other government-owned equipment would be capable of filling the military's needs in that area. The possibility of cuts has raised questions about the future of imagery providers who receive a great deal of business from government contracts, but executives at DigitalGlobe and GeoEye say their firms continue to see strong demand.

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