BlackSky Wins New, More Than $100 Million Contract from Strategic International Defense Sector Customer for Gen-3 Real-Time, Space-Based Monitoring Capabilities
Seven-year deal secures annual capacity minimums for high-resolution, low-latency imagery and AI-enabled analytics through 2032
HERNDON, Va., January 28, 2025--(BUSINESS WIRE)--BlackSky Technology Inc. (NYSE: BKSY) won a more than $100 million contract from a long-term strategic partner in the international defense sector for real-time, space-based monitoring capabilities. The new, seven-year deal secures annual capacity minimums for reliable high-resolution, low-latency current Gen-2 and upcoming Gen-3 imagery and AI-enabled analytics services through 2032.
"Dawn-to-dusk, high-cadence monitoring has become a foundational piece for many of our customers' daily intelligence operations," said Brian O'Toole, BlackSky CEO. "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."
The combined capability of BlackSky's innovative high-cadence Gen-2 constellation, ground communications segment and Spectra® tasking and analytics platform has reshaped industry expectations for low-latency, space-based monitoring.
BlackSky's software-first, subscription-based approach gives customers the ability to easily incorporate Gen-3 capabilities into their daily intelligence operations. This customer will be among the first to seamlessly integrate very high-resolution 35 cm imagery and sub-hourly revisit and delivery timelines into their workflows as those advances become available.
"This contract validates market demand for the transformative capabilities that BlackSky uniquely delivers through our proven end-to-end, next-generation AI-enabled commercial architecture," said O'Toole. "Our customers rely on BlackSky as a trusted partner, delivering real-time decision quality data at mission speed."
BlackSky's worldwide customer base tasks and receives thousands of high-resolution images and analytics over priority areas of interest every month, gaining visibility and insight into border crossings, nuclear and port facilities, and other critical national security and economic infrastructure at massive scale.
About BlackSky
BlackSky is a real-time, space-based intelligence company that delivers on-demand, high frequency imagery, analytics, and high-frequency monitoring of the most critical and strategic locations, economic assets, and events in the world. BlackSky owns and operates one of the industry's most advanced, purpose-built commercial, real-time intelligence systems that combines the power of the BlackSky Spectra® tasking and analytics software platform and our proprietary low earth orbit satellite constellation.
With BlackSky, customers can see, understand and anticipate changes for a decisive strategic advantage at the tactical edge, and act not just fast, but first. BlackSky is trusted by some of the most demanding U.S. and international government agencies, commercial businesses, and organizations around the world. BlackSky is headquartered in Herndon, VA, and is publicly traded on the New York Stock Exchange as BKSY. To learn more, visit www.blacksky.com and follow us on X.
Forward-Looking Statements
Certain statements in this press release may contain forward-looking statements within the meaning of the federal securities laws with respect to BlackSky. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document. If any of these risks materialize or underlying assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, forward-looking statements reflect our expectations, plans, or forecasts of future events and views as of the date of this communication. We anticipate that subsequent events and developments will cause their assessments to change. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Additional risks and uncertainties are identified and discussed in BlackSky's disclosure materials filed from time to time with the SEC which are available at the SEC's website at http://www.sec.gov or on BlackSky's Investor Relations website at https://ir.blacksky.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250128698944/en/
Contacts
Investor ContactAly BonillaVP, Investor Relationsabonilla@blacksky.com
Media ContactPauly CabellonSr. Director, External Communicationsbksypr@blacksky.com
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