News Release

February 20, 2009

GeoEye-1 Satellite Attains Full Operational Capability Certification from the National Geospatial-Intelligence Agency

GeoEye Now Delivering the World’s Highest Resolution, Most-Accurate Satellite Imagery to the U.S. Department of Defense

DULLES, Va., Feb. 20, 2009 – GeoEye, Inc. (NASDAQ: GEOY), a premier provider of satellite and aerial-based geospatial information, announced today that the National Geospatial-Intelligence Agency (NGA) notified the Company that imagery from the GeoEye-1 satellite has been certified as meeting their stringent requirements for quality, accuracy and resolution. GeoEye is now delivering GeoEye-1 sub-half-meter ground resolution satellite imagery to the National Geospatial-Intelligence Agency (NGA). 

As a result of the certification, the GeoEye-1 satellite is fully commissioned and GeoEye is able to begin recognizing revenue of $12.5 million per month under the terms of a Service Level Agreement (SLA) signed with the NGA in Dec. 2008. Deliveries to NGA begin Feb. 23, 2009.

“It gives me great pride to announce we have met the National Geospatial-Intelligence Agency’s requirements and are now delivering GeoEye-1 imagery to serve the Agency’s comprehensive geospatial intelligence needs,” said Matthew O’Connell, GeoEye’s chief executive officer.  “The NGA continues to be our mission partner, and we appreciate their support during satellite check-out and calibration.” 

“The commercial remote sensing industry can meet a large majority of our national requirements for global mapping and observation,  said Bill Schuster, GeoEye’s chief operating officer. “Now that GeoEye-1 is fully commissioned, we can assure our customers in the U.S. and overseas they will have access to a continuous supply of high quality imagery well into the next decade.” He said, “We are already working on the advanced camera and camera electronics for GeoEye-2 and look forward to continuing to serve NGA with next-generation capabilities.”

The NextView program is designed to ensure that the NGA has access to commercial imagery in support of its mission to provide timely, relevant and accurate geospatial intelligence in support of national security. GeoEye won its $500-million NextView contract in September 2004 and was able to build and launch GeoEye-1 within four years of contract award, with no cost overruns. The prime contractor for GeoEye-1 is General Dynamics Advanced Information Systems.  The satellite’s imaging system was built by ITT Corporation.

“With this milestone, we have delivered the highest resolution imagery of any existing commercial space-borne imaging system,” said Lou Von Thaer, president of General Dynamics Advanced Information Systems, a business unit of General Dynamics (NYSE: GD).  “The GeoEye-1 satellite combines the clarity of imagery with the most accurate geolocation technology and provides the blueprint for future next-generation mid-size satellite programs.”

About GeoEye
GeoEye is the premier provider of geospatial information for the national security community, strategic partners, resellers and commercial customers to help them better map, measure and monitor the world. The Company is recognized as the industry's trusted imagery expert for delivering reliable service and the exceptional quality of its imagery products and solutions. It operates a constellation of Earth imaging satellites, mapping aircraft and has an international network of ground stations, a robust imagery archive, and advanced imagery processing capabilities for developing innovative geospatial products and solutions. On September 6, the Company launched its GeoEye-1 satellite from Vandenberg Air Force Base, Calif.  The Company also provides support to academic institutions and non-governmental organizations through the GeoEye Foundation. Headquartered in Dulles, Virginia, GeoEye is a public company listed on the Nasdaq stock exchange under the symbol GEOY. It maintains a comprehensive Quality Management System (QMS) and has achieved company-wide ISO accreditation. For more information, visit http://www.geoeye.com/.

About General Dynamics Advanced Information Systems
General Dynamics Advanced Information Systems designs, develops, manufactures, integrates, operates and maintains mission systems for defense, space, intelligence, surveillance, reconnaissance, homeland security and homeland defense customers. Headquartered in Fairfax, Va., the company specializes in ground systems; imagery processing; mission payloads; space vehicles; maritime subsurface, surface and airborne mission systems; and tasking, collection, processing, exploitation and dissemination programs for national intelligence. More information is available on the Internet at www.gd-ais.com.

General Dynamics, headquartered in Falls Church, Va., employs approximately 92,300 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available on the Internet at www.generaldynamics.com.