UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 30, 2010 (August 27, 2010)
DIGITALGLOBE, INC.
(Exact name of registrant as specified in its charter)
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Delaware
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001-34299
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31-1420852
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(State or other Jurisdiction of Incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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1601 Dry Creek Drive, Suite 260
Longmont, Colorado
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80503
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrant’s telephone number, including area code:
(303) 684-4000
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Not Applicable
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(Former name or former address if changed since last report.)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01.
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Entry Into a Material Definitive Agreement.
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Ball Agreement
On August 27, 2010, DigitalGlobe, Inc. (“DigitalGlobe”) and Ball Aerospace & Technologies Corp. (“Ball”) entered
into a definitive agreement (the “Ball Agreement”) for the construction and delivery of DigitalGlobe’s WorldView-3
satellite. WorldView-3 will support DigitalGlobe’s EnhancedView agreement with the National Geospatial-Intelligence
Agency.
The total contract price for WorldView-3 is $180,575,000, subject to adjustment based on a party’s failure to
achieve specified delivery milestones. DigitalGlobe is obligated to pay Ball incentive bonuses for
early delivery of the WorldView-3 satellite.
Ball is required to deliver WorldView-3 no later than May 2014. Payments under the Ball Agreement are expected to
begin on October 1, 2010 and are expected to extend into the third quarter of 2014.
The Ball Agreement contains customary default and termination provisions. In addition, DigitalGlobe may elect to
terminate the contract for convenience at any time upon payment of a termination fee.
ITT Agreement
On August 27, 2010, DigitalGlobe and ITT Industries, Inc. (“ITT”) entered into a definitive agreement pursuant to
which ITT will provide the imaging system for WorldView-3. The total contract price is $126,500,000.
ITT is required to deliver the imaging system for WorldView-3 no later than July 2013. Payments under the ITT Agreement
are expected to begin on October 1, 2010 and will extend into the third quarter of 2013.
The ITT Agreement contains customary default and termination provisions. In addition, DigitalGlobe may elect to
terminate the contract for convenience at any time upon payment of a termination fee.
Existing Relationships With Ball and ITT.
Ball and ITT each own less than 5% of DigitalGlobe’s outstanding common stock.
A copy of DigitalGlobe’s press release dated August 30, 2010 announcing the Ball Agreement and the ITT Agreement
is filed as Exhibit 99.1 to this Form 8-K and is incorporated by reference into this Item 1.01.
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Item 9.01.
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Financial Statements and Exhibits.
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(d) Exhibits.
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Exhibit Number
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Description
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Exhibit 99.1
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DigitalGlobe, Inc.’s press release, dated August 30, 2010, furnished herewith
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