[Satellite TODAY 09-14-10] DigitalGlobe’s majority shareholder Morgan Stanley and other investors are selling about 6 million shares of the imagery company, which represents 18 percent of DigitalGlobe stock, the company announced Sept. 14.
    Morgan Stanley, which owns about 31 percent of DigitalGlobe stock, said its private-equity arm plans to sell nearly half its stake in the company as shares of the provider of imaging services to the defense community have jumped one-third over the past year.
    The stock sale will result in Morgan Stanley losing the right to name two of DigitalGlobe’s nine directors. However, the firm will keep the right to nominate three as long as its stake remains above 15 percent.
    Separately, DigitalGlobe released its 2010 earnings outlook of $340 to $360 million in revenue, with projected third-quarter earnings of $85 to $91 million, which is in line with analysts’ projections of $87 million during the quarter and $352.2 million for the full year.