US Government Awards Planet EOCL Contract
Planet Labs PBC (NYSE: PL) has been awarded a contract by the National Reconnaissance Office (NRO) for the Electro-Optical Commercial Layer (EOCL), enhancing government access to commercial satellite data.
This five-year contract, with potential extensions up to ten years, allows the NRO and its partners access to high and medium resolution daily imagery from Planet's satellite fleet.
The EOCL will support critical national security operations and decision-making across various government agencies.
- Award of EOCL contract by NRO, enhancing government access to commercial satellite data.
- Initial contract period of up to five years, with options extending to ten years.
- Supports critical decisions in national security operations, increasing contract value.
- None.
NRO contract to expand government access to Planet’s commercial satellite data
Planet Federal’s EOCL award will enable the NRO and its partners, including those across the US national security community, to access Planet’s high and medium resolution, daily satellite imagery for an initial period of up to five years, with options to extend the contract up to a total contract performance term of 10 years. Through the award, users will have access to Planet’s market-defining earth observation data, including daily, medium resolution PlanetScope and high resolution SkySat. Once in orbit and operational, users will also have access to Planet’s next generation, rapid revisit Pelican fleet that is expected to deliver up to 30cm resolution data. The contract also makes available Planet’s unequaled archive of over 2,000 images of every point on the Earth’s landmass, dating back to 2009.
“Planet has been proud to partner with the US government for many years, and the EOCL award is the next giant leap in our work together,” said
NRO maintains relationships with select commercial imagery providers, including Planet Federal, to augment national capabilities and support the diverse and evolving needs of the US national security community. Planet has been honored to partner with the government and has had active contracts with NRO since 2019, and with the
About
Planet is a leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest Earth observation fleet of imaging satellites, capturing over 30 TB of data per day. Planet provides mission-critical data, advanced insights, and software solutions to over 700 customers, comprising the world’s leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. Planet is a public benefit corporation trading on the
Forward-looking Statements
Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, Planet’s ability to capture market opportunity and realize any of the potential benefits from current or future contract awards, product enhancements, new products, or strategic partnerships and customer collaborations. Forward-looking statements are based on Planet’s management’s beliefs, as well as assumptions made by, and information currently available to them. Because such statements are based on expectations as to future events and results and are not statements of fact, actual results may differ materially from those projected. Factors which may cause actual results to differ materially from current expectations include, but are not limited to: Planet’s ability to invest in sales, marketing and software solutions to drive expansion within its existing customer base and further penetrate verticals; Planet’s ability to obtain or maintain regulatory approvals and/or adhere to regulatory requirements, including those related to Planet’s ability to operate as a government contractor with the required security clearances; changes in government policies regarding the use of commercial data or satellite operators, material delay or cancellation of certain government programs, government spending authorizations and budgetary priorities; changes in general global economic conditions, Planet’s operations (including the development, launch and operation of satellites) or other unforeseen circumstances that may alter or delay Planet’s ability to perform under future contracts and may impact the renewal and final profitability of such contracts; the cancellation of contracts by the government and any potential contract options which may or may not be exercised by the government in the future; and the risk factors and other disclosures about Planet and its business included in Planet’s periodic reports, proxy statements, and other disclosure materials filed from time to time with the
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Source: Planet
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