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BlackSky Selected for $200M Luno B IDIQ

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BlackSky Technology (NYSE: BKSY) has been selected by the National Geospatial-Intelligence Agency (NGA) as one of the vendors for the $200 million Luno B commercial data indefinite delivery, indefinite quantity (IDIQ) contract. The contract aims to provide the national security community with timely access to high-quality commercial GEOINT and enable NGA to lead in applying GEOINT artificial intelligence.

Through this contract, GEOINT users will access data and analytic services to enhance analytic assessments of worldwide economic, environmental, and geo-political activities. The Luno B contract features a five-year base ordering period with a $200M ceiling, where vendors will compete for future delivery orders.

BlackSky Technology (NYSE: BKSY) è stata selezionata dalla National Geospatial-Intelligence Agency (NGA) come uno dei fornitori per il contratto commerciale Luno B di $200 milioni, di fornitura indefinita e quantità indefinita (IDIQ). Questo contratto mira a fornire alla comunità della sicurezza nazionale un accesso tempestivo a GEOINT commerciale di alta qualità e consentire all'NGA di guidare nell'applicazione dell'intelligenza artificiale GEOINT.

Attraverso questo contratto, gli utenti di GEOINT accederanno a dati e servizi analitici per migliorare le valutazioni analitiche delle attività economiche, ambientali e geo-politiche in tutto il mondo. Il contratto Luno B prevede un periodo di ordinazione di base di cinque anni con un tetto di $200 milioni, dove i fornitori potranno competere per futuri ordini di consegna.

BlackSky Technology (NYSE: BKSY) ha sido seleccionada por la Agencia Nacional de Inteligencia Geoespacial (NGA) como uno de los proveedores para el contrato comercial Luno B de $200 millones, de entrega indefinida y cantidad indefinida (IDIQ). Este contrato tiene como objetivo proporcionar a la comunidad de seguridad nacional acceso oportuno a GEOINT comercial de alta calidad y permitir a la NGA liderar en la aplicación de la inteligencia artificial GEOINT.

A través de este contrato, los usuarios de GEOINT tendrán acceso a datos y servicios analíticos para mejorar las evaluaciones analíticas de actividades económicas, ambientales y geopolíticas en todo el mundo. El contrato Luno B incluye un período de ordenación base de cinco años con un techo de $200 millones, donde los proveedores competirán por futuros pedidos de entrega.

BlackSky Technology (NYSE: BKSY)는 국가 지리정보국(NGA)에 의해 $200 백만 규모의 상업 데이터 무기한 납품, 무기한 수량 계약(IDIQ)의 공급업체 중 하나로 선정되었습니다. 이 계약은 국가 안전 커뮤니티에 고품질 상업 GEOINT에 대한 시의적절한 접근을 제공하고 NGA가 GEOINT 인공지능 응용 분야에서 주도할 수 있도록 합니다.

이번 계약을 통해 GEOINT 사용자는 세계 경제, 환경 및 지정학적 활동에 대한 분석 평가를 향상시키기 위해 데이터 및 분석 서비스를 이용할 수 있습니다. Luno B 계약은 5년의 기본 주문 기간과 $200M의 한도를 특징으로 하며, 공급업체들은 향후 납품 주문을 위해 경쟁하게 됩니다.

BlackSky Technology (NYSE: BKSY) a été sélectionnée par l'Agence nationale d'intelligence géospatiale (NGA) comme l'un des fournisseurs pour le contrat commercial Luno B d'une valeur de 200 millions de dollars, à livraison indéfinie et quantité indéfinie (IDIQ). Ce contrat vise à fournir à la communauté de la sécurité nationale un accès rapide à des GEOINT commerciaux de haute qualité et à permettre à la NGA de diriger l'application de l'intelligence artificielle GEOINT.

Grâce à ce contrat, les utilisateurs de GEOINT auront accès à des données et des services analytiques pour améliorer les évaluations analytiques des activités économiques, environnementales et géopolitiques dans le monde entier. Le contrat Luno B comprend une période de commande de base de cinq ans avec un plafond de 200 millions de dollars, où les fournisseurs pourront concourir pour des commandes futures.

BlackSky Technology (NYSE: BKSY) wurde von der National Geospatial-Intelligence Agency (NGA) als einer der Anbieter für den $200 Millionen Luno B gewerblichen Datenvertrag mit unbestimmter Lieferung und unbestimmter Menge (IDIQ) ausgewählt. Der Vertrag zielt darauf ab, der nationalen Sicherheitsgemeinschaft zeitnahen Zugang zu hochwertigen kommerziellen GEOINT zu ermöglichen und der NGA zu helfen, führend im Einsatz von GEOINT-Künstlicher Intelligenz zu werden.

Durch diesen Vertrag haben GEOINT-Nutzer Zugang zu Daten und Analyse-Services, um analytische Bewertungen weltweiter wirtschaftlicher, umweltbezogener und geopolitischer Aktivitäten zu verbessern. Der Luno B-Vertrag bietet eine fünfjährige Basisbestellperiode mit einer Obergrenze von $200 Millionen, innerhalb derer die Anbieter um zukünftige Lieferaufträge konkurrieren können.

Positive
  • Selected as vendor for $200M government contract
  • Five-year contract duration provides long-term revenue potential
  • Access to national security market segment
Negative
  • Multiple vendors competing for delivery orders, no guaranteed revenue
  • Contract ceiling limits maximum potential revenue to $200M over 5 years

Insights

This $200 million IDIQ contract win represents a significant strategic advancement for BlackSky in the defense intelligence sector. The Luno B contract's structure as a multi-vendor vehicle means BlackSky will compete for task orders, positioning them alongside established players in the GEOINT market. The five-year base period provides a stable revenue opportunity pipeline, though actual revenue realization will depend on successful task order competitions.

For a company with a market cap of $306 million, securing a position on a $200 million IDIQ vehicle is particularly meaningful. While the total contract value isn't guaranteed, even capturing 15-20% of the total ceiling would materially impact BlackSky's revenue profile. The NGA's focus on AI-driven GEOINT aligns perfectly with BlackSky's technology stack, potentially giving them a competitive edge in task order competitions.

The contract's scope covering economic, environmental and geopolitical activities suggests a broadening of traditional GEOINT applications, which could open doors for BlackSky's real-time monitoring capabilities in new use cases. This diversification of service offerings could help reduce dependency on traditional defense-only applications.

The structure of this IDIQ award reveals several critical implications for BlackSky's future performance. IDIQ contracts typically have a low initial funding commitment but provide a streamlined procurement vehicle for future task orders. The $200 million ceiling represents the maximum potential value across all vendors, not a guaranteed minimum for any single participant.

The "full and open competition" clause for delivery orders is particularly noteworthy - it means BlackSky must continue to compete for each task order, requiring ongoing investment in competitive pricing and technical capabilities. However, being pre-qualified through this vehicle significantly reduces the administrative burden and timeframe for securing future work.

The five-year performance period provides a substantial window for BlackSky to establish itself as a trusted NGA partner. Success in early task orders could lead to increased win rates over time as the company demonstrates reliability and capability. This potential for building momentum in task order wins could translate into more predictable revenue streams from government contracts.

HERNDON, Va.--(BUSINESS WIRE)-- BlackSky Technology Inc. (NYSE: BKSY) was selected by the National Geospatial-Intelligence Agency as one of the vendors for the $200 million Luno B commercial data indefinite delivery, indefinite quantity contract.

Luno B will provide the national security community with timely access to high-quality commercial GEOINT. The contract will enable NGA to lead the GEOINT enterprise in applying GEOINT artificial intelligence, while delivering decision advantage to our warfighters, policy makers, and mission partners.

Through this IDIQ contract, GEOINT users will have access to data and analytic services that add new context to analytic assessments by characterizing worldwide economic, environmental, and geo-political activities, as well as illegal, unregulated, and unreported activities.

Luno B has a five-year base ordering period with a $200M ceiling. Vendors will compete on a full and open basis for future delivery orders.

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.

Investor Contact

Aly Bonilla

VP, Investor Relations

abonilla@blacksky.com

Media Contact

Pauly Cabellon

Sr. Director, External Communications

bksypr@blacksky.com

Source: BlackSky Technology Inc.

FAQ

What is the total value of BlackSky's (BKSY) Luno B contract with NGA?

The Luno B contract has a ceiling value of $200 million over a five-year base ordering period.

How long is the duration of BlackSky's (BKSY) Luno B contract?

The Luno B contract has a five-year base ordering period.

What services will BlackSky (BKSY) provide under the Luno B contract?

BlackSky will provide commercial GEOINT data and analytic services for analyzing worldwide economic, environmental, and geo-political activities.

How will the Luno B contract orders be distributed among vendors for BKSY?

Vendors will compete on a full and open basis for future delivery orders under the IDIQ contract.

BlackSky Technology Inc.

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