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Satnews Daily
November 2nd, 2010

GeoEye... Moving On Up...



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GeoEye, Inc. (Nasdaq: GEOY) has appointed Dr. William L. Ballhaus to serve on GeoEye's board of directors. He joins nine other board members. Ballhaus' appointment follows the closing of GeoEye's financing arrangement with Cerberus Capital Management, L.P., which the Company announced in March. GeoEye partnered with Cerberus to provide financing to support its bid on the National Geospatial-Intelligence Agency's (NGA) EnhancedView program. In August, the NGA awarded the Company a major contract under EnhancedView, worth up to $3.8 billion over the next 10 years. Ballhaus, who holds a doctorate degree in aeronautics and astronautics, is currently a senior advisor and operating partner at Cerberus Operations and Advisory Company LLC. In his current role, he advises the firm in sourcing and executing portfolio investments in the aerospace and defense sector. Ballhaus served as president, chief executive officer and a director of DynCorp International, acquired by affiliates of Cerberus in July 2010, until August 2010. From 2003 to 2008, he served as president of BAE System Inc.'s Network Systems, National Security Solutions and Mission Solutions businesses. Before serving at BAE System Inc., Ballhaus held various senior executive roles at Hughes and The Boeing Company. Ballhaus currently serves on the United States Geospatial Intelligence Foundation Board of Directors and the UCLA Anderson School Board of Visitors. He also serves as a director on a number of Cerberus portfolio company boards and is the vice chairman and a director of DynCorp International. He is a Fellow of the American Institute of Aeronautics and Astronautics and a Fellow of the British American Project.