DigitalGlobe Receives Early Commitments for WorldView-4 Satellite Capacity

Agreements demonstrate demand for high resolution, high accuracy 30 cm imagery from international defense & intelligence customers

WESTMINSTER, Colo. — (BUSINESS WIRE) — January 27, 2016DigitalGlobe, Inc. (NYSE: DGI), a leading global provider of commercial high-resolution earth observation and advanced geospatial solutions, today announced its third customer commitment for direct access capacity on the WorldView-4 satellite, which is expected to begin commercial operations in early 2017 following its launch in September. Since the end of the third quarter of 2015, DigitalGlobe has received contracts and letters of intent from international defense and intelligence customers totaling $335 million for capacity on WorldView-3 and WorldView-4, representing $38 million of incremental annual revenue starting in 2017.

DigitalGlobe accelerated the launch of WorldView-4 to meet strong international demand for the world’s highest resolution commercial satellite imagery, and these pre-launch commitments ensure that the satellite will begin generating revenue in early 2017. Approximately 60 percent of this potential future revenue is under firm contract. While there is no assurance that revenue reflected in the letters of intent will turn into contracts, this has historically been the case. WorldView-4 revenue is expected to start to be recognized in the first quarter of 2017.

“The fact that we have this level of commitment from multiple international customers — more than half in the form of firm contracted revenue — this far in advance of the WorldView-4 launch is unprecedented,” said Jeffrey R. Tarr, DigitalGlobe President and Chief Executive Officer. “It is a testament to the unique value of our resolution and accuracy and our long history of performance with these customers who rely on us for the safety and security of their nations.”

With the most advanced constellation of satellites in orbit, DigitalGlobe is investing in the best technology to meet the growing needs of its customers. The company has been upgrading the ground stations of its Direct Access Program customers to a common architecture to fulfill the demand for rapid access to the entire DigitalGlobe constellation and offer more imaging opportunities to these customers. Four of these Constellation Direct Access Facilities are now online, with a fifth ground station expected to be upgraded in the second quarter and all facilities upgraded for full constellation access by early 2017.

“We are in discussion with many other nations interested in our high resolution, high accuracy 30 cm satellite imagery, and the launch of WorldView-4 will allow us to satisfy unmet customer demand across much of the world,” said Daniel L. Jablonsky, DigitalGlobe General Counsel and General Manager for International Defense & Intelligence. “The investments we are making to enhance our customers’ direct access facilities will expedite access to WorldView-4 in 2017 and allow us to provision additional access facilities with greater speed and efficiency.”

About DigitalGlobe

DigitalGlobe is a leading provider of commercial high-resolution earth observation and advanced geospatial solutions that help decision makers better understand our changing planet in order to save lives, resources and time. Sourced from the world's leading constellation, our imagery solutions deliver unmatched coverage and capacity to meet our customers' most demanding mission requirements. Each day customers in defense and intelligence, public safety, civil agencies, map making and analysis, environmental monitoring, oil and gas exploration, infrastructure management, navigation technology, and providers of location-based services depend on DigitalGlobe data, information, technology and expertise to gain actionable insight.

Special note about forward-looking statements

Certain statements contained herein, including statements about our 2015 outlook, contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements relate to future events or future financial performance. We generally identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “continue” or “looks forward to” or the negative of these terms or other similar words, although not all forward-looking statements contain these words.

Any forward-looking statements are based upon our historical performance and on our current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by us that the future plans, estimates or expectations will be achieved. Such forward-looking statements are subject to various risks and uncertainties and assumptions. A number of important factors could cause our actual results or performance to differ materially from those indicated by such forward-looking statements, including: the loss, reduction or change in terms of any of our primary contracts or decisions by customers not to exercise renewal options; the availability of government funding for our products and services both domestically and internationally; changes in government and customer priorities and requirements (including cost-cutting initiatives, the potential deferral of awards, terminations or reduction of expenditures to respond to the priorities of Congress and the administration, or budgetary cuts resulting from Congressional committee recommendations or automatic sequestration under the Budget Control Act of 2011); the risk that U.S. government sanctions against specified companies and individuals in Russia may limit our ability to conduct business with potential or existing customers; the outcome of pending or threatened litigation; the loss or impairment of any of our satellites; delays in the construction and launch of any of our satellites or our ability to achieve and maintain full operational capacity of all our satellites; delays in implementation of planned ground system and infrastructure enhancements; loss or damage to the content contained in our imagery archives; interruption or failure of our ground system and other infrastructure; decrease in demand for our imagery products and services; increased competition, including possibly from companies with substantial financial and other resources and services, that may reduce our market share or cause us to lower our prices; our inability to fully integrate acquisitions or to achieve planned synergies; changes in satellite imaging technology; our failure to obtain or maintain required regulatory approvals and licenses; changes in U.S. or foreign law or regulation that may limit our ability to distribute our imagery products and services; the costs associated with being a public company; and other important factors, all as described more fully in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2014.

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