GeoEye Additional $25 million from US Government

30 June 2009, 3:36pm

DULLES, Va., June 30 - GeoEye, Inc. (NASDAQ: GEOY), a premier provider of satellite, aerial and geospatial information, announced today new government awards totaling more than $25 million to supply geospatial products and services. Under awards during the first and second quarters of 2009, GeoEye will provide the National Geospatial-Intelligence Agency (NGA) a significant amount of value-added, imagery-based geospatial-intelligence products. Imagery processing and production will be performed at GeoEye's advanced imagery processing centers located in St. Louis, MO, Thornton, CO, and Dulles, VA. These awards are in addition to the Service Level Agreement (SLA) modification to the company's existing NextView contract with the NGA announced Dec. 10, 2008.

Chris Incardona, GeoEye's Director, Government Programs, NGA, commented, "GeoEye appreciates and supports the NGA's commercial data strategy by offering orthoimagery and advanced solutions. Demand for timely, accurate, color imagery over a broad area continues to grow, as does GeoEye's ability to integrate end-to-end product offerings and high-resolution sensor agnostic capabilities."

Bill Wilt, GeoEye's Vice President of North American Sales, added, "GeoEye's technical capabilities are more and more aligned with NGA's mission needs, and we're proud to be a part of the solutions they provide to their customers."

About GeoEye

GeoEye's products and services enable timely, accurate, and accessible location intelligence. The company is recognized as one of the geospatial industry's most trusted imagery experts, delivering reliable service and exceptional quality imagery products and solutions to customers around the world. GeoEye has developed an advanced information technology infrastructure for collecting, receiving, processing and distributing imagery information products and processing services to the U.S. Government including the national security community as well as international governments and commercial customers. These products serve applications including defense and intelligence, precision mapping, on-line mapping, infrastructure development, planning and monitoring, and environmental assessment. The company collects tens of millions of square kilometers of imagery per year with its existing satellites and aerial assets, which includes GeoEye-1, the world's highest resolution commercial imaging satellite. 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.

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