BlackSky Technology Inc. BKSY shares are trading higher after the company announced it was awarded a five-year Joint Artificial Intelligence Center contract for AI data readiness. The JAIC agreement has a ceiling value of $241 million over five years.
Patrick O'Neil, BlackSky chief innovation officer, said "From automatically tasking satellites to the low-latency delivery and analysis of high-frequency geospatial imagery and non-imagery data, our unique, data-rich platform brings a strong source of core AI-enabled end-to-end capabilities to the DoD's mission sets."
BlackSky is a leading provider of real-time geospatial intelligence. BlackSky delivers on-demand, high frequency imagery, monitoring and analytics of the most critical and strategic locations, economic assets, and events on Earth.
BKSY Price Action: BlackSky Technology Inc. has traded between $13.20 and $1.00 over a 52-week period.
The stock was trading about 17% higher at $2.40 per share on Tuesday at the time of publication.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
