BlackSky Presses International Momentum with Back-to-Back Contracts for Legacy Ministry of Defense Customer

Rhea-AI Summary

BlackSky Technology Inc. has won two contracts to provide real-time imagery and analytics services to a defense ministry customer. They will also conduct research on future multi-sensor space capabilities.

Positive

• BlackSky Technology Inc. has secured contracts to continue providing real-time imagery and analytics services to a defense ministry customer. This will ensure assured access to high-resolution imagery and analytics, allowing for informed decision-making in military operations.

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• None.

Combined pursuits will maintain assured access to real-time imagery and analytics and explore future multi-sensor space capabilities

HERNDON, Va.--(BUSINESS WIRE)-- BlackSky Technology Inc. (NYSE: BKSY) won two back-to-back contracts from a legacy international defense ministry customer to continue on-demand, real-time high-frequency imagery and analytics services and conduct research on future multi-sensor space capabilities.

“BlackSky has built an unparalleled space-based intelligence platform that pushes the strategic advantage of foresight to the tactical edge within this customer’s region of interest on a daily basis,” said Brian O’Toole, BlackSky CEO.

“With the confidence of secure, low-latency tasking-to-delivery of high-resolution imagery and analytics, our customers can call on strategic space assets to inform live operations across the full spectrum of military missions in their area of interest,” O’Toole added.

BlackSky delivers thousands of high-resolution images and analytics every month to organizations worldwide, delivering transparency and insights into border crossings, nuclear and port facilities, and other economically critical infrastructure at scale.

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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. The BlackSky Spectra® 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 X (formerly 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231025178747/en/

Investor Contact

Aly Bonilla

VP, Investor Relations

abonilla@blacksky.com



Media Contact

Pauly Cabellon

Director, External Communications

pcabellon@blacksky.com

Source: BlackSky

FAQ

What contracts did BlackSky Technology Inc. win?

BlackSky Technology Inc. won two contracts to provide real-time imagery and analytics services to a defense ministry customer.

What will BlackSky Technology Inc. do under these contracts?

Under these contracts, BlackSky Technology Inc. will provide real-time imagery and analytics services and conduct research on future multi-sensor space capabilities.

What are the benefits of these contracts?

These contracts will ensure assured access to high-resolution imagery and analytics, allowing for informed decision-making in military operations.