On the Line: GeoEye CEO Matthew O'Connell
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 built the satellite that GeoEye , the biggest commercial satellite imagery company, plans to launch next April. Boeing will help to launch it. And ITT 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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