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Problems that plagued the satellite industry years ago just don’t exist for GeoEye, CEO Matthew O’Connell told Cramer Thursday, thanks to great teambuilding.
General Dynamics [GD
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] built the satellite that GeoEye [GEOY
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], the biggest commercial satellite imagery company, plans to launch next April. Boeing [BA
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] will help to launch it. And ITT [ITT
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] is responsible for the camera. All these firms have 100% mission success rates, or near to it, said O’Connell.
“So we paid up to get a great team,” he said. “And that substantially mitigated any of the risks that you had early in the industry.”
If all goes according to plan, investors should get another 40% from the stock, Cramer said. “So let’s stick with GeoEye.”
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