DigitalGlobe, Saab in joint venture to build 3D model of the earth
It sees billions of dollars in new business in defence, infrastructure markets
Washington
US satellite imagery provider DigitalGlobe Inc and Sweden's Saab AB on Tuesday announced a new joint venture aimed at building an accurate 3D model of the earth and capturing billions of dollars in new business.
Tony Frazier, senior vice-president at DigitalGlobe, said that the two companies had been working together for two years, but were now creating a separate US-based venture, Vricon Inc, to accelerate the work and team up on distribution.
