Imagery Services Contract Awarded to BlackSky

A contract to provide on-demand, real-time high-frequency imagery services to an international defense sector customer has been awarded to BlackSky. The contact is reported to have a value in excess of $30 million.

BlackSky is an instrumental part of this customer’s day to day operations, improving situational awareness through high-frequency, dawn-to-dusk imagery and AI-driven analytics.”

Brian E. O’Toole, BlackSky

BlackSky delivers thousands of high-resolution images and analytics every month to organizations worldwide, delivering transparency and insights into border crossings, nuclear and port facilities, and other economically critical infrastructure at scale.

“BlackSky is an instrumental part of this customer’s day to day operations, improving situational awareness through high-frequency, dawn-to-dusk imagery and AI-driven analytics,” said Brian E. O’Toole, BlackSky CEO. “Built upon years of a well-developed partnership, this contract triples this customer’s demand over the next two years.”

Imagery Services Contract Demonstrates Customer Trust: O'Toole

“By securing priority, assured capacity, this contract also demonstrates how customers are ensuring guaranteed access where and when needed for their most important operational needs,” he said.

“BlackSky is a trusted mission partner to the most demanding customers in the world and this contract reflects the confidence in our high-value imagery and analytics for operational use, and the growing demand for our capabilities that contribute to the bottom line.”

A 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.

In March, BlackSky entered into definitive agreements with a syndicate of new and existing institutional investors for private placement financing through the issuance and sale of 16,403,677 shares of the Company’s Class A common stock (“common stock”) and warrants to purchase up to an additional 16,403,677 shares of common stock. The initial per share purchase price was $1.79, and each investor received an equivalent number of warrants with an exercise price of $2.20.

(Source: BlackSky news release. Images from file)