BlackSky Awarded Multimillion Contract for Advanced Tactical Imagery Services with International Ministry of Defense
June 01 2023 - 8:30AM
Business Wire
Two year renewal expands long term
relationship, extends support of day to day mission operations
BlackSky Technology Inc. (NYSE: BKSY) won a multimillion dollar
renewal contract to provide advanced subscription-based tactical
imagery and analytics services to an international ministry of
defense customer.
“BlackSky’s commercially available real-time intelligence
services are bringing the tactical value of space-based assets into
the hands of customers at unprecedented speed and reliability,”
said Brian E. O’Toole, BlackSky CEO. “Real-time space-based imagery
and AI-driven analytics contribute the most value when intelligence
updates impact live operations.”
BlackSky’s advanced Spectra AI tasking and analytics platform
and high-resolution satellite constellation deliver on-demand, high
frequency imagery, monitoring and analytics to customers within 90
minutes. This unique combination of capabilities enable customers
to dynamically monitor areas that matter most to them.
“Multiple international ministries of defense have vested
confidence in our superior software-to-satellite architecture as
they continue to incorporate BlackSky’s imagery and AI-driven
analytics into critical day-to-day operations,” said O’Toole.
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 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, including but not
limited to: (i) the ability to implement business plans, forecasts,
and other expectations, (ii) achieve anticipated revisit rates and
maintain current launch schedules, and (iii) our ability to predict
and respond to customer trends. The foregoing list of factors is
not exhaustive and is based on information available as of the date
of this communication, and current expectations, forecasts and
assumptions, and involve a number of judgments, risks and
uncertainties. 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. There
may be additional risks that we do not presently know, or that we
currently believe are immaterial, that could also cause actual
results to differ from those contained in the 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
reports filed with the SEC, including within the section titled
“Risk Factors” on BlackSky’s registration statement on Form S-1,
and available at the SEC’s website at http://www.sec.gov.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230601005348/en/
Investor Contact Aly Bonilla VP, Investor Relations
abonilla@blacksky.com
Media Contact Pauly Cabellon Director, External
Communications pcabellon@blacksky.com
BlackSky Technology (NYSE:BKSY)
Historical Stock Chart
From Mar 2024 to Apr 2024
BlackSky Technology (NYSE:BKSY)
Historical Stock Chart
From Apr 2023 to Apr 2024