BlackSky Secures ~$100 Million Defense Contract, Stock Surges

Shares of space-based intelligence company, BlackSky Technology Inc. BKSY are trading higher on Tuesday.

The company has secured a contract valued at more than $100 million from a global defense partner.

This seven-year deal guarantees the provision of space-based monitoring services, ensuring a yearly supply of high-resolution, low-latency imagery and AI-driven analytics through 2032.

The collaboration is expected to strengthen BlackSky’s market presence by offering Gen-2 and future Gen-3 satellite imagery and analytics.

These services utilize the company's high-cadence satellite network and the Spectra tasking platform to provide real-time intelligence.

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BlackSky's approach combines advanced technology with a subscription model, enabling customers to effortlessly incorporate the latest Gen-3 features into their intelligence workflows.

By utilizing improved imagery, such as 35 cm resolution and sub-hourly revisit capabilities, BlackSky seeks to improve its customers’ operational efficiency, enabling the customer to integrate these high-resolution images into their daily operations, providing crucial and timely insights into key areas, including border crossings, nuclear facilities, and critical national security infrastructure.

“Dawn-to-dusk, high-cadence monitoring has become a foundational piece for many of our customers’ daily intelligence operations,” said CEO Brian O’Toole.

“This commitment now gives the customer priority, long-term access to capacity with the flexibility to accommodate novel Gen-3 features as end user requirements evolve.”

Price Action: BKSY shares are trading higher by 6.25% at $13.98 at the last check Tuesday.

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