BlackSky Technology Inc. - BKSY STOCK NEWS

BlackSky Technology Inc. (NYSE: BKSY) has been awarded a five-year, up to $290 million multi-award indefinite-delivery, indefinite-quantity NGA contract called Luno A. The contract focuses on monitoring global economic and environmental activity and military capability using high-cadence, rapid revisit satellite imagery and AI-driven change-detection analytics.

BlackSky will provide analytical services to detect and identify objects of interest, use its satellite constellation for change-monitoring services over critical infrastructure, and leverage its broad area search capability to automatically detect changes to the Earth. The contract also supports the development of new products, data, and services, including novel AI solutions.

This contract is a follow-on to the NGA's $60 million Economic Indicator Monitoring (EIM) contract awarded in 2021. BlackSky's CEO, Brian O'Toole, stated that the Luno A contract validates the demand for their commercial real-time, AI-driven dynamic monitoring services at scale.

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) has successfully closed its previously announced underwritten public offering of 10,000,000 shares of Class A common stock at $4.00 per share on September 26, 2024. The underwriters fully exercised their option to purchase an additional 1,500,000 shares on September 27, 2024. The company received total gross proceeds of approximately $46 million from this offering, before deducting underwriting discounts, commissions, and estimated offering expenses.

Oppenheimer & Co. and Lake Street Capital Markets acted as joint book-running managers for the offering. The offering was made through a shelf registration statement on Form S-3 (File No. 333-267889) that became effective on December 15, 2022. A prospectus supplement and accompanying prospectus relating to the offering has been filed with the SEC.

BlackSky Technology Inc. (NYSE: BKSY) has secured a competitive U.S. Navy research contract to explore applications for advanced optical intersatellite link terminals on their Gen-3 imaging satellites. This initiative supports the Navy's Project Overmatch and the Department of Defense's Joint All Domain Command and Control (JADC2) efforts.

The project aims to provide warfighters with real-time access to imagery during time-sensitive military operations worldwide. BlackSky CEO Brian O'Toole stated that this advancement will allow Navy customers to receive data and insights 10 times faster, with data volumes five times greater than current systems.

As part of the study, BlackSky will modify its systems to accommodate an optical intersatellite link terminal compatible with both the Space Development Agency's Transport Layer and commercial transport layers. The company will also develop new operating concepts to inform the acquisition of commercial transport network nodes and data movement strategies.

BlackSky Technology Inc. (NYSE: BKSY) has announced the pricing of an upsized public offering of 10,000,000 shares of its Class A common stock at $4.00 per share. The company expects to raise gross proceeds of approximately $40 million before deducting underwriting discounts, commissions, and other expenses. The offering is set to close around September 26, 2024, subject to customary conditions.

BlackSky has also granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares. Oppenheimer & Co. and Lake Street Capital Markets are acting as joint book-running managers for the offering. The offering is being made through a shelf registration statement and prospectus filed with the SEC.

BlackSky Technology Inc. (NYSE: BKSY) has announced its intention to offer shares of its Class A common stock in an underwritten public offering. The company plans to grant underwriters a 30-day option to purchase up to an additional 15% of the offered shares. Oppenheimer & Co. and Lake Street Capital Markets are acting as joint book-running managers for the offering.

The offering is subject to market conditions, and there is no guarantee of its completion or specific terms. A shelf registration statement related to the shares has been filed with the SEC and became effective on December 15, 2022. The offering will be made through a written prospectus and prospectus supplement, which are available on the SEC's website.

BlackSky Technology Inc. (NYSE: BKSY) has been awarded the 2024 Novaspace Leading Earth Observation Business Award at World Space Business Week. The company is recognized for its excellence and innovation in delivering commercial real-time, space-based intelligence using high-cadence satellite imagery and AI-driven analytics.

BlackSky's achievements include:

• Pioneering a software-first adoption model through a $50 million contract with the Indonesian Ministry of Defense
• Advancing to the final phase of IARPA's SMART program
• Selection as a vendor for NGA's $290 million Luno A contract
• Winning a seven-figure space domain awareness contract from HEO for non-Earth imaging services

These accomplishments highlight BlackSky's role in transforming the Earth observation industry from static mapping to dynamic, AI-driven monitoring of critical areas of interest.

BlackSky Technology Inc. (NYSE: BKSY) has been awarded a seven-figure data services contract from HEO to provide automated low-latency capabilities for non-Earth imaging (NEI) services. This pioneering deal expands BlackSky's product offering and brings automation to pattern-of-life insights for orbiting spacecraft and other objects of interest.

The contract, now in its second phase, focuses on automating the entire tasking-to-delivery process. BlackSky will provide proprietary mid-inclination orbit, high-resolution imagery to HEO, increasing the feasibility of capturing NEI data over Earth's middle latitudes. This partnership allows BlackSky to leverage unused satellite capacity, typically associated with ocean passes or eclipse periods.

Customers can request NEI products through HEO's automated platform, HEO Inspect. The system will automatically find imaging opportunities and set tasks on BlackSky's mission scheduling system via API. The resulting imagery and metadata will be used to generate advanced analytics reports, including information on satellite attitude, location, subsystems identification, and pattern-of-life analyses.

BlackSky Technology Inc. (NYSE: BKSY) has been selected by NASA to provide time-diverse, high-revisit satellite imaging data for Earth observation research under the Commercial Smallsat Data Acquisition Program (CSDAP). The contract is a multi-year, indefinite-delivery/indefinite-quantity agreement valued up to $476 million, with a performance period through November 2028.

BlackSky's Spectra platform, which combines imagery and AI-enabled analytics from its high-revisit constellation, will support NASA's Earth science research and application activities. This collaboration aims to enhance understanding of Earth's ecosystems, oceanography, geography, and polar systems through increased temporal frequency observations.