BlackSky wins $14 million in new orders to monitor critical global economic activity

BlackSky Technology Inc. (NYSE: BKSY) has received orders totaling $13.8 million to date during the first year of a five-year contract with the National Geospatial Intelligence Agency (NGA) to monitor global economic activity.

“These awards highlight the growing demand for commercial AI-powered real-time monitoring services that detect economic activity in manufacturing hubs, major seaports and airports around the world,” said Dr. Patrick O’Neill, Chief Executive Officer of BlackSky innovations. “BlackSky’s dynamic on-demand monitoring platform provides actionable subscription-based information to decision makers on relevant global economic indicators at unprecedented speed and scale.”

Since winning the first order, BlackSky’s dynamic monitoring platform has collected thousands of observations of mission-critical sites around the world and demonstrated the ability to scale observations to meet customer demand.

“BlackSky’s Spectra AI platform for multi-source analytics and satellite imagery collection gives customers direct access to dawn-to-dusk imagery and analytics that seamlessly integrates into existing GEOINT workflows,” added O’Neill.

The competitively procured orders are part of NGA’s five-year Indefinite Supply/Indefinite Quantity (IDIQ) contract announced in September 2021 to monitor global economic activity.

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The proposed Tandem4EO constellation will combine radar and optical imaging for Europa

Helsinki, Finland (SPX), September 15, 2022

ICEYE, owner of the world’s largest synthetic aperture radar (SAR) satellite, and SATLANTIS, a leading new space optical imaging company, announced preliminary plans for the development and production of the proposed Tandem for Earth Observation (Tandem4EO) constellation, consisting of two radars and two VHR optical satellites. The announced program is planned to support the new space strategy of several countries of the European Union with an emphasis on Spain. ICEYE’s current production and research and development… read on BlackSky wins $14 million in new orders to monitor critical global economic activity

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