An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
BlackSky: National Geospatial Intelligence Agency (NGA) Doubles Value of Five-Year Economic Indicator Monitoring Contract to $60 Million
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
BlackSky Technology Inc. (NYSE: BKSY) announced an increase in the ceiling value of its five-year indefinite contract with the National Geospatial Intelligence Agency from $30 million to $60 million. This change highlights the growing demand for BlackSky's real-time, AI-driven monitoring capabilities focused on global economic indicators.
BlackSky's platform has already generated $14 million in orders within the first year, demonstrating its scalability and effectiveness in delivering timely insights.
Positive
Contract ceiling increased from $30 million to $60 million, showing strong demand for services.
$14 million in orders received within the first year of the contract.
Strong validation of AI-driven monitoring capabilities in economic activities.
Negative
None.
$30 million contract increase validates NGA’s growing demand for real-time dynamic monitoring capabilities
HERNDON, Va.--(BUSINESS WIRE)--
BlackSky Technology Inc. (NYSE: BKSY) received notification that the ceiling value of the five-year Indefinite-Delivery/Indefinite-Quantity contract with the National Geospatial Intelligence Agency for economic indicator monitoring was increased from $30 million to $60 million.
“This ceiling increase validates a growing demand for real-time, AI-driven monitoring services that reveal economic activity at manufacturing hubs, major maritime ports, and airports around the world,” said Patrick O’Neil, BlackSky chief innovation officer. “It also demonstrates NGA’s growing interest in procuring commercial analytic services to support its broader mission.”
BlackSky’s on-demand dynamic monitoring platform provides decision makers with actionable subscription-based insights on relevant global economic indicators at unprecedented speed and scale.
“BlackSky has won a combined total of $14 million of orders within just the first year of this five-year contract,” O’Neil added. “BlackSky’s Spectra AI platform for multi-source analytics and satellite imagery collection gives the NGA direct access to high revisit, dawn-to-dusk imaging and analytics that seamlessly integrate into their GEOINT workflows.”
Since winning the first order, BlackSky’s dynamic monitoring platform has collected thousands of observations over critical sites worldwide and demonstrated the ability to scale to meet customer demand.
BlackSky and four other vendors were selected for this multiple-award contract.
About BlackSky
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 in the world.
BlackSky designs, owns and operates one of the industry’s leading low earth orbit small satellite constellations, optimized to capture imagery cost-efficiently where and when our customers need it. BlackSky’s Spectra AI software platform processes data from BlackSky’s constellation and from other third-party sensors to develop the critical insights and analytics that our customers require.
BlackSky is relied upon by 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 Twitter.
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.
What is the recent contract announcement for BlackSky Technology Inc. (BKSY)?
BlackSky Technology Inc. (BKSY) announced an increase in the ceiling value of its contract with the National Geospatial Intelligence Agency from $30 million to $60 million.
How much revenue did BlackSky generate within the first year of the NGA contract?
BlackSky generated $14 million in orders within the first year of the NGA contract.
What services does BlackSky provide under its contract with the NGA?
BlackSky provides real-time, AI-driven monitoring services focused on global economic indicators.
What does the contract increase signify for BlackSky and its investors?
The contract increase signifies a growing demand for BlackSky's monitoring capabilities and enhances the company’s revenue potential.
