BlackSky Wins Nearly $30 Million, One-Year Assured Contract from International Defense Customer

BLACKSKY - BlackSky Technology Inc. (NYSE: BKSY) won a nearly $30 million, one-year Assured contract from an international defense customer. The customer rapidly scaled from an initial six-figure Early Access program to the subscription deal in less than six months to meet an accelerated need for real time space-based tactical ISR capabilities. The expedited adoption timeline followed an incremental validation and demonstration of mission value and ease of integration into the customer’s operations. The contract award follows BlackSky opening general availability of Gen-3 very high-resolution imagery with the commissioning of its fourth next generation satellite.

“With four Gen-3s on orbit, BlackSky is seeing growing momentum and rapid adoption of Gen-3 services from new and existing customers as we enter our next phase of growth with increasingly more international customers validating operational utility through successful pilot programs then quickly scaling up to support their long-term mission critical needs,” said Brian O’Toole, BlackSky CEO. “This contract represents BlackSky’s single largest annual Assured contract to date as we continue to successfully perform against our international land-and-expand strategy and provide strong revenue visibility in our high-margin, space-based intelligence and AI services business.”

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Note:  BlackSky's Gen-3 satellites are designed and manufactured in Tukwila.

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