GeoEye Falls 22% on Contract Slowdown Risk: Washington Mover
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GeoEye Inc. fell the most in seven years after the provider of satellite imagery said a federal agency may scale back a $3.8 billion contract.
Shares of the Herndon, Virginia-based company fell $4.10, or 22 percent, to close at $14.24, in New York trading. It was the biggest decline since Aug. 19, 2004.