BlackSky Wins U.S. Space Force Rapid Procurement Contracts Supporting Tactical Surveillance, Reconnaissance and Tracking Missions
11 January 2025 - 12:30AM
Business Wire
Online global data marketplace accelerates
BlackSky’s delivery of AI-enabled analytics services to U.S.
combatant commands worldwide for situational awareness and
operational planning
BlackSky Technology Inc. (NYSE: BKSY) won multiple rapid
procurement contracts for its high-margin, core analytics services
through the U.S. Space Force’s online Global Data Marketplace (GDM)
supporting a variety of Tactical Surveillance, Reconnaissance and
Tracking (TacSRT) missions.
“One year in operation, this novel marketplace increases speed
and accessibility to BlackSky’s reliable high-cadence, low-latency
dynamic monitoring capabilities,” said Brian O’Toole, BlackSky CEO.
“BlackSky’s momentum with these quick-turn contracts represents a
significant structural demand signal from a key customer for
operationally relevant space-based products.”
The GDM has supported Space Systems Command’s TacSRT pilot
program and is designed to rapidly provide U.S. military combatant
commands with access to insights for critical areas of interest
worldwide.
“BlackSky has demonstrated repeated success in delivering
tailored products featuring our automated AI-driven analytics to
meet a diverse set of complex, time-sensitive civil and military
tactical SRT missions around the world,” said O’Toole. “The
fast-paced, short period of performance aligns with our strengths:
rapidly delivering actionable insights from our core product
offerings that require minimal integration, lowering customer
acquisition costs and accelerating development of new
technology.”
The competitive, short duration TacSRT contracts team up
multiple commercial data providers to cover specific requests for
real-time operational planning products offering insight into
global trends and events from violent extremism to humanitarian and
disaster response as well as identification of potential
threats.
About BlackSky
BlackSky is a real-time, space-based intelligence company that
delivers on-demand, high frequency imagery, analytics, and
high-frequency monitoring of the most critical and strategic
locations, economic assets, and events in the world. BlackSky owns
and operates one of the industry’s most advanced, purpose-built
commercial, real-time intelligence systems that combines the power
of the BlackSky Spectra® tasking and analytics software platform
and our proprietary low earth orbit satellite constellation.
With BlackSky, customers can see, understand and anticipate
changes for a decisive strategic advantage at the tactical edge,
and act not just fast, but first. BlackSky is trusted by some of
the most demanding 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.
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/20250110015587/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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