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

 BlackSky Technology Inc. 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."

Assured subscriptions were designed to meet the needs of the most discerning military and intelligence organizations in the world with prioritized tasking, guaranteed collection and unprecedented delivery timelines over a customer's most critical areas of interest.

"With latency as an operational priority, our customer required a true tactical ISR framework capable of matching the sophistication and speed of their day-to-day mission. Assured delivers reliable, secure and dedicated access to advanced Gen-3 capabilities exactly where and when it matters most. This reliability along with the unmatched ease of access to data and Gen-3 performance were the primary drivers behind the expanded commitment,2said O'Toole.

This contract demonstrated BlackSkys ability to integrate critical, meaningful new capacity into our customers live operations quickly. In less than one week following the launch of our fourth Gen-3 unit in early March, the company attained general availability of Gen-3 imaging services for its global customer base and unlocked daily very high-resolution imaging services over strategic sites of interest worldwide.

As part of this contract, BlackSky provided immediate, web-enabled access to best-in-class 35-centimeter Gen-3 imagery directly through its easy-to-use Spectra® tasking and analytics platform. Through Spectra® customers are able to task a variety of imagery products, including Daytime, Nighttime, Stereo sets (5 frames) or pairs (2 frames), Burst and Area 2x 1 collections with a built-in option to leverage AI-enabled detection analytics for vehicles, aircraft and vessels.

Each Gen-3 satellite has demonstrated consistently exceptional performance, producing initial collections with striking clarity that reveal fine details like individual people, their shadows, and various land or sea vessels. This increased image sharpness eliminates uncertainty, enabling more precise AI-enabled analytics and providing end users with even more actionable intelligence. BlackSky possesses proprietary in-house satellite design and agile manufacturing, constellation operations and end-to-end advanced software development capabilities. To meet global customer demand for guaranteed access to data, when and where customers need it, BlackSky offers On-Demand and Assured subscription access or full sovereign systems.