Government

GeoEye Receives Additional Awards Totaling $13 Million From the National Geospatial-Intelligence Agency

March 24, 2006
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GeoEye, the world's largest satellite remote-sensing imaging company (OTC: ORBM - News), announced today its ClearView contracts for map-accurate imagery and services with the National Geospatial-Intelligence Agency (NGA) have increased in value by an additional $13 million. The latest increases are in addition to the $36 million awarded to the company in January 2006, bringing the value for GeoEye's ClearView contracts to $49 million in 2006. These most recent increases represent additional imagery to be collected by the company's IKONOS and OrbView-3 high-resolution earth-imaging satellites.

GeoEye, the world's largest satellite remote-sensing imaging company (OTC: ORBM - News links below), announced today its ClearView contracts for map-accurate imagery and services with the National Geospatial-Intelligence Agency (NGA) have increased in value by an additional $13 million. The latest increases are in addition to the $36 million awarded to the company in January 2006, bringing the value for GeoEye's ClearView contracts to $49 million in 2006. These most recent increases represent additional imagery to be collected by the company's IKONOS and OrbView-3 high-resolution earth-imaging satellites.

The NGA's ClearView contracts require GeoEye to complete a variety of specific imagery collections supporting many NGA requirements. The imagery is processed at GeoEye's image processing centers located in Dulles, Virginia; St. Louis, Missouri; and Thornton, Colorado for delivery to NGA.

"High-resolution, map-accurate commercial imagery plays a major role in developing up-to-date maps and geospatial information supporting disaster relief, military planning and operations," said Matthew M. O'Connell, president and chief executive officer of GeoEye. "The NGA has been an excellent customer and we are committed to meeting all of their expectations."

GeoEye is currently building its next-generation commercial satellite imaging system, GeoEye-1, which will have a ground resolution of .41-meter. Launch is slated for early 2007.



About GeoEye

Headquartered in Dulles, Va., GeoEye is the world's largest commercial satellite imagery company, delivering the highest-quality, most accurate imagery and products to better map, measure, monitor and manage the world. GeoEye was formed as a result of ORBIMAGE's acquisition of Space Imaging in January 2006. The company is the premier provider of geospatial data, information and value-added products for the national security community, strategic partners, resellers and commercial customers. GeoEye operates a constellation of three Earth imaging satellites -- OrbView-2, OrbView-3 and IKONOS -- and possesses an international network of more than a dozen regional ground stations, a robust image archive, and advanced geospatial imagery processing capabilities that are unmatched in the satellite imagery industry. Its products are the cornerstone of the remote-sensing industry enabling a wide array of applications for national security and defense, mapping, local government planning, and natural resources and environmental monitoring. For more information, visit link below.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Securities Exchange Act of 1934, as amended. These forward-looking statements involve known and unknown risks and uncertainties. ORBIMAGE's actual financial and operational results could differ materially from those anticipated. Additional information regarding these risk factors and uncertainties is described more fully in the Company's SEC filings. A copy of all SEC filings may be obtained from the SEC's EDGAR web site, or by contacting: William L. Warren, Vice President, General Counsel and Secretary, at 703-480-5672.

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