February 24, 2010

DigitalGlobe financial results for the fourth quarter and year ended December 31, 2009.

Fourth quarter 2009 revenue was $72.9 million, an increase of 1.0% compared to the same period last year. Fourth quarter net income was $13.8 million or $0.30 per diluted share as compared to net income of $13.8 million or $0.31 per diluted share for the fourth quarter 2008. Fourth quarter 2009 Adjusted EBITDA, a non-GAAP financial measure, was $42.7 million, compared to fourth quarter 2008 Adjusted EBITDA of $43.7 million.

For 2009, the company reported record revenue of $281.9 million, an increase of 2.4% compared to 2008. Net income for 2009 was $47.4 million or $1.06 per diluted share as compared to net income of $53.8 million or $1.22 per diluted share for 2008. Adjusted EBITDA for 2009 was $169.4 million compared to 2008 Adjusted EBITDA of $174.8 million. The definition of Adjusted EBITDA and reconciliation to net income are set forth in this press release.

“I am very pleased with DigitalGlobe’s performance in the fourth quarter. Not only did we deliver record revenue, but we also executed on a number of key milestones, concluding an extraordinary year.” said Jill Smith, Chairman, and Chief Executive Officer. “We delivered growth in all our target business segments, and continued to add significant new capabilities, including WorldView-2, with its unique 8-band imagery and tremendous collection capacity, and expansion of our web services and cloud computing offering. We are confident that the superior collection capability of our constellation and ability to deliver geointelligence to customers with the speed and accuracy that they demand is strengthening DigitalGlobe’s position as the industry leader.”

Ms. Smith continued, “We enter 2010 with strong momentum in all our key markets. We look forward to expanding our relationship with NGA under the EnhancedView contract, expected to be awarded later this year, and to strengthening our international defense and intelligence sector as operations are initiated with our Direct Access Program customers over the course of the year. This, together with promising opportunities in the commercial sector, further increases our optimism about DigitalGlobe’s growth outlook.”