BlackSky Technology Wins Contract Worth Up to $290 Million For Economic Activity, Military Capability Monitoring

MT Newswires Live10-03 21:13

BlackSky Technology (BKSY) said Thursday it won a contract worth up to $290 million from the National Geospatial-Intelligence Agency to monitor worldwide economic and environmental activity as well as military capability.

The company said that under the five-year contract, it expects to provide analytical services for the detection and identification of aircraft, ships, vehicles, shipping containers and other "objects of interest."

The Luno A contract is the follow-on contract to the agency's $60 million Economic Indicator Monitoring contract that was originally awarded in 2021, the company said.

BlackSky shares were up over 11% in recent premarket activity.

Price: 5.5499, Change: +0.56, Percent Change: +11.22

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