GeoEye Reports Record 2009 Second Quarter Results


               UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

                                   Six Months Ended
                                      June 30,
                                 ------------------
                                 2009          2008        Change
                                 ----          ----        ------
    Net cash (used in)
     provided by operating
     activities                $(11,301)     $36,027     $(47,328)
    Net cash used in
     investing activities       (49,525)     (46,179)      (3,346)
    Net cash provided by
     financing activities         1,848        1,075          773
    Net decrease in cash and
     cash equivalents           (58,978)      (9,077)     (49,901)
    Cash and cash equivalents,
     beginning of period        106,733      226,761     (120,028)
                                -------      -------     --------
    Cash and cash
     equivalents, end of
     period                     $47,755     $217,684    $(169,929)
                                =======     ========    =========

ABOUT GEOEYE

GeoEye, Inc. is an international technology company serving government and commercial markets. The Company is recognized as one of the geospatial industry's imagery experts, delivering exceptional quality imagery products and solutions to customers around the world. Headquartered in Dulles, Virginia, the Company has 534 employees, as of June 30, 2009, dedicated to developing best-in-class geospatial, communications and information products, systems, and services. The Company provides support to academic institutions and non-governmental organizations through the GeoEye Foundation ( http://www.geoeyefoundation.org). GeoEye is a public company listed on the NASDAQ stock exchange under the symbol GEOY. Additional information about GeoEye is available at www.geoeye.com.

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

This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Without limitation, the words "anticipates," "believes," "estimates," "expects," "intends," "plans," "will," and similar expressions are intended to identify forward-looking statements. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future, including statements relating to growth, expected levels of expenditures, and statements expressing general optimism about future operating results, are forward-looking statements. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions, or goals also are forward-looking statements. All such forward-looking statements and those presented elsewhere by our management from time to time are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. These risks and uncertainties include, but are not limited to, those described in "Risk Factors" included in our Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2008, which we filed with the Securities and Exchange Commission ("SEC") on April 2, 2009, and our Quarterly Report on Form 10-Q for the period ended March 31, 2009 and June 30, 2009, which we filed with the SEC on May 12, 2009 and Aug. 10, 2009, respectively. A copy of all SEC filings may be obtained from the SEC's EDGAR web site, http://www.sec.gov/, or by contacting: William L. Warren, Senior Vice President, General Counsel and Secretary, at 703-480-5672.

SOURCE GeoEye, Inc.

Web site: http://www.geoeye.com/

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