BlackSky rises after winning $100 million space-based monitoring contract

Blacksky Technology

28/01/2025 13:59

** Real-time geospatial intelligence solutions provider
BlackSky Technology's  BKSY.N  shares rise 16% to $15.33 in
premarket trading
    ** Company wins more than $100 mln contract from what it
called a long-term partner in the international defense sector
for real-time, space-based monitoring capabilities 
    ** The seven-year deal secures annual capacity minimums for
reliable high-resolution, low-latency current Gen-2 and upcoming
Gen-3 imagery, and AI-enabled analytics services through 2032
    ** Stock had fallen ~4% in 2024

 (Reporting by Harshita Mary Varghese in Bengaluru)
 ((HarshitaMary.Varghese@thomsonreuters.com))