BlackSky: National Geospatial Intelligence Agency (NGA) Doubles Value of Five-Year Economic Indicator Monitoring Contract to $60 Million

BY Business Wire | ECONOMIC | 11/16/22 04:30 PM EST

$30 million contract increase validates NGA?s growing demand for real-time dynamic monitoring capabilities

HERNDON, Va.--(BUSINESS WIRE)-- BlackSky Technology Inc. (BKSY) received notification that the ceiling value of the five-year Indefinite-Delivery/Indefinite-Quantity contract with the National Geospatial Intelligence Agency for economic indicator monitoring was increased from $30 million to $60 million.

?This ceiling increase validates a growing demand for real-time, AI-driven monitoring services that reveal economic activity at manufacturing hubs, major maritime ports, and airports around the world,? said Patrick O?Neil, BlackSky (BKSY) chief innovation officer. ?It also demonstrates NGA?s growing interest in procuring commercial analytic services to support its broader mission.?

BlackSky?s on-demand dynamic monitoring platform provides decision makers with actionable subscription-based insights on relevant global economic indicators at unprecedented speed and scale.

?BlackSky has won a combined total of $14 million of orders within just the first year of this five-year contract,? O?Neil added. ?BlackSky?s Spectra AI platform for multi-source analytics and satellite imagery collection gives the NGA direct access to high revisit, dawn-to-dusk imaging and analytics that seamlessly integrate into their GEOINT workflows.?

Since winning the first order, BlackSky?s dynamic monitoring platform has collected thousands of observations over critical sites worldwide and demonstrated the ability to scale to meet customer demand.

BlackSky (BKSY) and four other vendors were selected for this multiple-award contract.

About BlackSky (BKSY)

BlackSky (BKSY) is a leading provider of real-time geospatial intelligence. BlackSky (BKSY) delivers on-demand, high frequency imagery, monitoring and analytics of the most critical and strategic locations, economic assets, and events in the world.

BlackSky (BKSY) 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 (BKSY) is relied upon by U.S. and international government agencies, commercial businesses, and organizations around the world. BlackSky (BKSY) 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.

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Source: BlackSky Technology Inc. (BKSY)

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