The measurement of geomagnetic field can provide a reliable and economical basis for attitude and orbit information of low earth orbiting satellite. Because the earth's magnetic field is a function of position, and its measurement on the orbit are fully observable, orbit estimation can be obtained using extend Kalman filter (EKF) algorithm. With the assistant of angle velocity information from gyro measurement, attitude estimation can also be obtained. At the same time, gyro drift rate estimation is a part of the filter output. Although orbit and attitude determination are independent of each other, the filter can give the orbit and attitude estimation at the same time. The results of the numerical test show that a signal EKF can estimate both orbit and attitude by using magnetometer and gyro measurement only. The accuracy, usually is sufficient for low earth orbiting satellites.