BlackSky Technology up after winning defense contract

Blacksky Technology

04/03/2024 14:19

** Shares of real-time geospatial intelligence provider
BlackSky Technology  BKSY.N  rise 2.8% to $1.50 premarket
    ** BKSY wins multi-million dollar contract in support of the
U.S. Department of Defense to collect and annotate BKSY'S
multi-frame burst images to train moving target artificial
intelligence models for commercial motion imagery
    ** "This foundational work is expected to help decrease the
time to develop moving target algorithms for other related
customer-led initiatives," says Patrick O’Neil, BlackSky chief
technology officer
    ** Up to last close, BKSY stock up 1.4% this year

 (Reporting by Priyanka.G)
 ((Priyanka.g@thomsonreuters.com))