Third quarter 2009 revenue was $71.8 million, an increase of 8% compared to the same period last year. Third quarter net income was $14.6 million or $0.32 per diluted share as compared to net income of $14.3 million or $0.32 per diluted share for the third quarter 2008.

Third quarter 2009 Adjusted EBITDA, a non-GAAP financial measure, was $43.8 million, compared to third quarter 2008 Adjusted EBITDA of $44.1 million. The definition of Adjusted EBITDA and reconciliation to net income are set forth in this press release.

Separately, the company announced the extension of the estimated useful life of its QuickBird satellite by eighteen months. The satellite will continue to be an important part of DigitalGlobe’s constellation through May 2012.

Business Highlights

 – On October 8, 2009, successfully launched WorldView-2, the company’s third high-resolution remote-sensing satellite and the first commercial platform to offer eight band multispectral imagery.
 – Released first images from WorldView-2 on October 19, 2009.
 – Initiated service for the ground station based in Troll, Antarctica, increasing the effective capacity of DigitalGlobe’s WorldView-1 and WorldView-2 satellites and enabling faster imagery delivery.
 – Signed Clear30 agreement with Microsoft Corporation for high-resolution aerial imagery. This relationship will complement DigitalGlobe’s high-resolution satellite constellation and provide for complete coverage of the United States and Europe, updated every other year.
 – Increased ImageLibrary size to 815 million square kilometers as of September 30, 2009.

Full Year 2009 Outlook

Based on DigitalGlobe’s results for the first nine months of 2009 and our outlook for the remainder of the year, management is revising its full year outlook. The full year outlook assumes that WorldView-2 is not operational in 2009.

 – Full year 2009 total revenue is expected to be between $278 million and $283 million compared with the previous expectation of between $267 million and $277 million.
 – Full year 2009 diluted earnings per share are expected to be between $1.00 and $1.05 compared with the previous expectation of between $0.80 and $0.90.
 – Full year 2009 Adjusted EBITDA is expected to be between $165 million and $170 million compared with the previous expectation of between $155 million and $160 million.
 – Capital expenditures for 2009 are expected to be between $165 million and $170 million, including of approximately $155 million for WorldView-2. This is compared with the previous expectation of between $170 million and $180 million, including approximately $160 million for WorldView-2.

Conference Call Information

DigitalGlobe’s management will host a conference call today at 5:00p.m. ET/ 3:00p.m. MT to discuss its third quarter 2009 financial results.

For more information please visit www.digitalglobe.com