BlackSky Awarded 10-Year Electro Optical Commercial Layer (EOCL) Contract with U.S. Government
May 25 2022 - 10:38AM
Business Wire
The National Reconnaissance Office selected
BlackSky to deliver advanced high frequency imagery services
BlackSky (NYSE: BKSY) was awarded a contract from the National
Reconnaissance Office (NRO), which includes a comprehensive set of
imagery services from current and future satellite capabilities.
The award demonstrates the commitment of the U.S. Government to
leverage the capabilities of next generation commercial providers
in support of its most critical missions.
The Electro Optical Commercial Layer (EOCL) contract validates
BlackSky’s high-revisit constellation strategy and represents a
substantial expansion in the NRO’s relationship with BlackSky. It
also creates a significant catalyst for the long-term utilization
of BlackSky’s satellite imagery services.
The contract was awarded with a five-year base and five 1-year
options for additional services spanning a period of performance of
base and options over 10 years. The award commences in the second
quarter of 2022 and includes multiple options with additional
growth potential for BlackSky through 2032.
“This contract is a pivotal moment in the expansion of the
partnership between commercial space and the U.S. Government. We’re
proud to be selected as a long-term trusted mission partner of the
NRO,” said Brian O’Toole, BlackSky CEO. “We will continue to
enhance our Spectra AI platform and advance our satellite
constellation in support of the NRO and our growing customer base
around the world.”
By incorporating an advanced SaaS customer platform and
combining a 14-satellite constellation, BlackSky offers one of the
highest dawn-to-dusk revisit rates over the most critical regions
in the world. BlackSky’s technology results in an average
collection time of less than 90 minutes from the moment a customer
places an order to product delivery.
“Supporting both our joint warfighters and the intelligence
community with rapid, all-domain real-time intelligence is BlackSky
at its best,” adds BlackSky Chief Revenue Officer JR Riordan.
“BlackSky provides highly accurate, decision-quality data directly
to those who need it most—from senior leaders to those in the
field. We are proud to be a part of the NRO mission.”
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 on Earth.
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 Twitter.
Forward-Looking Statements
This press release contains certain 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220524006213/en/
Investor Contact Aly Bonilla VP, Investor Relations
abonilla@blacksky.com
Media Contact Pauly Cabellon Director, External Communications
pcabellon@blacksky.com
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