BlackSky Wins Five-Year NGA Luno A Contract Valued Up to $290 Million to Monitor Global Economic Activity and Military Capability
03 October 2024 - 10:30PM
Business Wire
Indefinite delivery, indefinite quantity
contract validates demand for BlackSky’s ability to deliver
industry-leading commercial real-time, AI-driven monitoring
services at scale
BlackSky Technology Inc. (NYSE: BKSY) was awarded a five-year,
up to $290 million multi-award indefinite-delivery,
indefinite-quantity NGA contract to monitor global economic and
environmental activity and military capability using high-cadence,
rapid revisit satellite imagery and AI-driven change-detection
analytics.
Under the contract, BlackSky expects to provide analytical
services that detect and identify objects of interest such as
aircraft, ships, vehicles, and shipping containers. BlackSky will
use its current and future time-diverse satellite constellation to
provide change-monitoring services over critical infrastructure.
BlackSky will leverage its proprietary broad area search capability
to automatically detect and identify changes to the Earth resulting
from human and natural activities such as deforestation,
construction, mining, flooding and other phenomena that contribute
to climate change or wildfires.
“The Luno A contract validates demand for BlackSky’s commercial
real-time, AI-driven dynamic monitoring services at massive scale,”
said Brian O’Toole, BlackSky CEO. “BlackSky’s first-of-its-kind
space-based intelligence system delivers answers to our customers’
most pressing questions at industry-leading speed and
economics.”
The contract also supports the development of new and emerging
products, data and services such as novel AI solutions and
techniques to manage large volumes of data, generate insights and
develop predictive analytics. BlackSky’s scalable and
cost-effective approach to artificial intelligence gives customers
the ability to run data-intensive broad area search inquiries more
frequently compared to traditional solutions.
“BlackSky’s commitment to automation across our entire
architecture has had the cumulative effect of generating new,
foundational machine learning tools for the U.S. government that
will advance the key areas of focus for Luno A,” said O’Toole.
“Today, BlackSky monitors over more than 30 million square
kilometers of the Earth’s surface for the NGA.”
BlackSky’s easy-to-access, subscription-based services will
support the NGA’s efforts to modernize workflows and seamlessly
integrate data and services into its enterprise capabilities. The
NGA has indicated that the unclassified nature of commercial data
will ensure that Luno A products, data, and services are easily
shareable with key partners and allies across the globe.
Luno A is the follow-on contract to the NGA’s $60 million
Economic Indicator Monitoring (EIM) contract which was originally
awarded in 2021. The EIM contract focused on purchasing commercial
data as services to integrate into the NGA’s machine learning and
artificial intelligence efforts. BlackSky won six competitive
delivery orders under the EIM program.
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 X (formerly Twitter).
Forward-Looking Statements
Certain statements in this press release may contain
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/20241003764382/en/
Investor Contact Aly Bonilla VP, Investor Relations
abonilla@blacksky.com
Media Contact Pauly Cabellon Sr. Director, External
Communications bksypr@blacksky.com
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