STOCK TITAN

BlackSky Wins Approximately $6 Million Contract Expansion with Legacy International Defense Sector Customer for Assured, High-Frequency Satellite Imagery Services

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

BlackSky Technology Inc. (NYSE: BKSY) has secured a $6 million contract expansion from an international defense sector customer, increasing their total annual commitment to nearly $18 million. This expansion is for subscription-based Assured access to BlackSky's Gen-2 high-cadence, low-latency imagery services.

CEO Brian O'Toole highlighted that BlackSky is setting new standards for space-based intelligence operations, offering real-time monitoring capabilities. The company's Assured access customers globally task and receive thousands of high-resolution images and analytics over priority areas monthly, gaining critical insights into national security and economic infrastructure.

O'Toole also mentioned BlackSky's upcoming advanced Gen-3 capabilities, which are expected to offer very high-resolution 35 cm imagery and sub-hourly revisit and delivery timelines. The company anticipates that many current international Assured customers will be among the first to incorporate these new capabilities into their workflows.

BlackSky Technology Inc. (NYSE: BKSY) ha ottenuto un espansione del contratto da 6 milioni di dollari da un cliente internazionale nel settore della difesa, aumentando il loro impegno annuale totale a quasi 18 milioni di dollari. Questa espansione riguarda l'accesso assicurato basato su abbonamento ai servizi di immagini ad alta cadenza e bassa latenza di BlackSky Gen-2.

Il CEO Brian O'Toole ha sottolineato che BlackSky sta stabilendo nuovi standard per le operazioni di intelligence spaziale, offrendo capacità di monitoraggio in tempo reale. I clienti con accesso assicurato dell'azienda a livello globale richiedono e ricevono migliaia di immagini ad alta risoluzione e analisi su aree prioritarie ogni mese, ottenendo approfondimenti critici sulla sicurezza nazionale e sulle infrastrutture economiche.

O'Toole ha anche menzionato le prossime capacità avanzate Gen-3 di BlackSky, che ci si aspetta offrano immagini ad altissima risoluzione di 35 cm e tempistiche di revisione e consegna inferiori a un'ora. L'azienda prevede che molti dei clienti internazionali con accesso assicurato attuali saranno tra i primi ad integrare queste nuove capacità nei loro flussi di lavoro.

BlackSky Technology Inc. (NYSE: BKSY) ha asegurado una expansión de contrato de 6 millones de dólares de un cliente internacional del sector defensa, aumentando su compromiso anual total a casi 18 millones de dólares. Esta expansión es para acceso asegurado basado en suscripción a los servicios de imágenes de alta cadencia y baja latencia de BlackSky Gen-2.

El CEO Brian O'Toole destacó que BlackSky está estableciendo nuevos estándares para las operaciones de inteligencia espacial, ofreciendo capacidades de monitoreo en tiempo real. Los clientes de acceso asegurado de la compañía a nivel global solicitan y reciben miles de imágenes de alta resolución y análisis sobre áreas prioritarias cada mes, obteniendo información crítica sobre seguridad nacional e infraestructura económica.

O'Toole también mencionó las próximas capacidades avanzadas Gen-3 de BlackSky, que se espera ofrezcan imágenes de muy alta resolución de 35 cm y tiempos de revisión y entrega de menos de una hora. La compañía anticipa que muchos de sus actuales clientes internacionales de acceso asegurado estarán entre los primeros en incorporar estas nuevas capacidades en sus flujos de trabajo.

BlackSky Technology Inc. (NYSE: BKSY)는 국제 방위 부문 고객으로부터 600만 달러 규모의 계약 확대를 확보하며 연간 총 약 1천800만 달러의 약속을 증가시켰습니다. 이 확장은 BlackSky의 Gen-2 고속 저지연 이미지 서비스에 대한 구독 기반의 보장된 접근 권한을 위한 것입니다.

CEO Brian O'Toole은 BlackSky가 우주 기반 정보 작전의 새로운 기준을 설정하고 실시간 모니터링 기능을 제공하고 있다고 강조했습니다. 회사의 보장된 접근 고객들은 매달 전 세계적으로 우선 영역에 대해 수천 장의 고해상도 이미지와 분석을 요청하고 받아 보며 국가 안전과 경제 기반 시설에 대한 중요한 통찰을 얻고 있습니다.

O'Toole은 또한 BlackSky의 곧 출시될 고급 Gen-3 기능을 언급했습니다. 이 기능은 매우 높은 해상도의 35cm 이미지를 제공하고, 1시간 이내에 반복 및 납품 일정을 예상하고 있습니다. 회사는 많은 현재의 국제 보장 고객들이 이러한 새로운 기능을 그들의 작업 흐름에 통합할 것이라고 기대하고 있습니다.

BlackSky Technology Inc. (NYSE: BKSY) a sécurisé une expansion de contrat de 6 millions de dollars avec un client du secteur de la défense internationale, augmentant ainsi son engagement annuel total à près de 18 millions de dollars. Cette expansion concerne un accès assuré basé sur abonnement aux services d'images à haute cadence et faible latence de BlackSky Gen-2.

Le PDG Brian O'Toole a souligné que BlackSky fixe de nouvelles normes pour les opérations de renseignement basées dans l'espace, offrant des capacités de surveillance en temps réel. Les clients avec accès assuré de l'entreprise dans le monde entier demandent et reçoivent chaque mois des milliers d'images haute résolution et d'analyses sur des zones prioritaires, obtenant des informations critiques sur la sécurité nationale et les infrastructures économiques.

O'Toole a également mentionné les capacités avancées Gen-3 à venir de BlackSky, qui devraient offrir des images de très haute résolution de 35 cm et des délais de révision et de livraison inférieurs à une heure. L'entreprise prévoit que de nombreux clients internationaux actuels avec accès assuré seront parmi les premiers à intégrer ces nouvelles capacités dans leurs flux de travail.

BlackSky Technology Inc. (NYSE: BKSY) hat einen Vertragsausbau über 6 Millionen Dollar von einem internationalen Kunden aus dem Verteidigungssektor gesichert, was ihr jährliches Gesamtengagement auf fast 18 Millionen Dollar erhöht. Diese Expansion betrifft den abonnementbasierten gesicherten Zugang zu BlackSky's Gen-2 hochfrequenten, latenzarmen Bildgebungsdiensten.

CEO Brian O'Toole betonte, dass BlackSky neue Standards für raumgestützte Intelligence-Operationen setzt und Echtzeit-Überwachungsfähigkeiten anbietet. Die gesicherten Zugangskunden des Unternehmens weltweit beauftragen monatlich tausende hochauflösende Bilder und Analysen über priorisierte Bereiche und erhalten so kritische Einblicke in nationale Sicherheits- und wirtschaftliche Infrastrukturen.

O'Toole erwähnte auch die bevorstehenden fortschrittlichen Gen-3-Fähigkeiten von BlackSky, die voraussichtlich hochauflösende 35 cm Bilder und Wiederholung sowie Lieferfristen von unter einer Stunde bieten werden. Das Unternehmen erwartet, dass viele aktuelle internationale gesicherte Kunden zu den ersten gehören werden, die diese neuen Fähigkeiten in ihre Arbeitsabläufe integrieren.

Positive
  • Secured $6 million contract expansion, increasing annual commitment to $18 million
  • Growing demand for high-cadence, low-latency imagery services in defense sector
  • Upcoming Gen-3 capabilities to offer 35 cm resolution and sub-hourly revisit times
Negative
  • None.

Insights

This contract expansion signifies a strong vote of confidence in BlackSky's satellite imagery services, particularly from the international defense sector. The increase to nearly $18 million annually demonstrates the growing demand for high-frequency, low-latency imagery in defense applications. BlackSky's Gen-2 capabilities are proving their worth in real-time monitoring scenarios, which is important for national security operations. The company's preparation for Gen-3 capabilities, offering 35 cm resolution and sub-hourly revisit times, positions them at the forefront of space-based intelligence. This technological advancement could potentially disrupt the market and provide BlackSky with a significant competitive edge. For investors, this contract not only represents immediate revenue growth but also indicates potential for future expansions and new customer acquisitions in the defense and intelligence sectors.

BlackSky's Gen-2 satellite constellation is demonstrating its value in the competitive Earth observation market. The rapid-revisit capabilities and low-latency imagery are key differentiators, enabling customers to monitor critical areas with unprecedented frequency. The upcoming Gen-3 capabilities represent a significant leap forward, bridging the gap between spatial and temporal resolution. Achieving 35 cm resolution with sub-hourly revisit times is technically challenging and could set a new industry standard. This advancement could open up new use cases and markets beyond defense, such as precision agriculture, urban planning and disaster response. The software-first adoption model mentioned by CEO O'Toole is also noteworthy, as it allows for easier integration and scalability for customers, potentially leading to faster market penetration and revenue growth.

Commitment increases annual subscription to nearly $18 million, extending access to reliable high-cadence Gen-2 services as BlackSky prepares to introduce advanced Gen-3 capabilities

HERNDON, Va.--(BUSINESS WIRE)-- BlackSky Technology Inc. (NYSE: BKSY) won an approximately $6 million contract expansion from an international defense sector customer, bringing the total annual commitment to nearly $18 million, for subscription-based Assured access to Gen-2, high-cadence, low-latency imagery services.

“BlackSky is setting new standards for space-based intelligence operations as a trusted mission partner to the most demanding defense and intelligence customers in the world,” said Brian O’Toole, BlackSky CEO.

“We have established a new era of real-time monitoring where our current Gen-2 rapid-revisit capabilities add a level of reliable persistence and transparency over critical areas of interest. This contract renewal is a testament that our unique rapid-revisit capabilities are meeting market demand,” said O’Toole.

BlackSky’s Assured access customers worldwide task and receive 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.

"We continue to see international customers lead the way by activating immediate space-based intelligence capabilities through BlackSky’s software-first adoption model,” said O’Toole.

“When BlackSky brings advanced Gen-3 capabilities to market, we will close the traditional gap between spatial and temporal resolution,” O’Toole said. “We expect that many of our current international Assured customers will be among the first to seamlessly incorporate very high-resolution 35 cm imagery and sub-hourly revisit and delivery timelines into their workflows as those capabilities become available.”

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 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.

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 value of BlackSky's recent contract expansion?

BlackSky (NYSE: BKSY) secured a $6 million contract expansion from an international defense sector customer, bringing the total annual commitment to nearly $18 million.

What services does BlackSky provide under this contract?

BlackSky provides subscription-based Assured access to Gen-2 high-cadence, low-latency imagery services for the international defense sector customer.

What are the upcoming Gen-3 capabilities mentioned by BlackSky?

BlackSky's upcoming Gen-3 capabilities are expected to offer very high-resolution 35 cm imagery and sub-hourly revisit and delivery timelines.

How do BlackSky's customers use their imagery services?

BlackSky's Assured access customers task and receive thousands of high-resolution images and analytics monthly, gaining insights into border crossings, nuclear and port facilities, and other critical national security and economic infrastructure.

BlackSky Technology Inc.

NYSE:BKSY

BKSY Rankings

BKSY Latest News

BKSY Stock Data

352.42M
27.53M
10.43%
54.16%
5.39%
Scientific & Technical Instruments
Radio & Tv Broadcasting & Communications Equipment
Link
United States of America
HERNDON