A troubling new political economy of geographical intelligence has emerged in the United States over the last two decades. The contours of this new political economy are difficult to identify due to official policies keeping much relevant information secret. The U.S. intelligence community increasingly relies on private corporations, working as contractors, to undertake intelligence work, including geographical intelligence (formally known as GEOINT). In this article we first describe the geography intelligence “contracting nexus” consisting of tens of thousands of companies (including those in the geographical information systems and mapping sector), universities and nonprofits receiving Department of Defense and intelligence agency funding. Second, we discuss the “knowledge nexus” to conceptualize how geographical knowledge figures in current U.S. intelligence efforts, themselves part of the U.S. war on terror and counterinsurgency (COIN). To analyze the contracting nexus we compiled and examined extensive data on military and intelligence contracts, especially those contracts awarded by the country’s premier geographical intelligence agency, the National Geospatial-Intelligence Agency (NGA), for satellite data. To analyze the knowledge nexus we examined recent changes in the type of geographical knowledges enrolled in and produced by the U.S. intelligence community. We note a shift from an emphasis on areal and cultural expertise to a focus on calculative predictive spatial analysis in geographical intelligence. Due to a lack of public oversight and accountability, the new political economy of geographical intelligence is not easy to research, yet there are reasons to be troubled by it and the violent surveillant state it supports.