(NASDAQ:BKSY) shares are up more than 73% on news of a Government contract. More than 30,000 trades
The Electro Optical Commercial Layer (EOCL) contract validates BlackSkys high-revisit constellation strategy and represents a substantial expansion in the NROs relationship with BlackSky . It also creates a significant catalyst for the long-term utilization of BlackSkys satellite imagery services.
The contract was awarded with a five-year base and five 1-year options for additional services spanning a period of performance of base and options over 10 years. The award commences in the second quarter of 2022 and includes multiple options with additional growth potential for BlackSky through 2032.
This contract is a pivotal moment in the expansion of the partnership between commercial space and the U.S. Government . Were proud to be selected as a long-term trusted mission partner of the NRO, said Brian OToole, BlackSky CEO. We will continue to enhance our Spectra AI platform and advance our satellite constellation in support of the NRO and our growing customer base around the world.
By incorporating an advanced SaaS customer platform and combining a 14-satellite constellation, BlackSky offers one of the highest dawn-to-dusk revisit rates over the most critical regions in the world. BlackSkys technology results in an average collection time of less than 90 minutes from the moment a customer places an order to product delivery.
Supporting both our joint warfighters and the intelligence community with rapid, all-domain real-time intelligence is BlackSky at its best, adds BlackSky Chief Revenue Officer JR Riordan. BlackSky provides highly accurate, decision-quality data directly to those who need it mostfrom senior leaders to those in the field. We are proud to be a part of the NRO mission.
About BlackSky
BlackSky is a leading provider of real-time geospatial intelligence. BlackSky delivers on-demand, high frequency imagery, monitoring and analytics of the most critical and strategic locations, economic assets, and events on Earth.
BlackSky designs, owns and operates one of the industrys leading low earth orbit small satellite constellations, optimized to capture imagery cost-efficiently where and when our customers need it. BlackSky’s Spectra AI software platform processes data from BlackSky’s constellation and from other third-party sensors to develop the critical insights and analytics that our customers require.
BlackSky is relied upon by U.S. and international government agencies, commercial businesses, and organizations around the world. BlackSky is headquartered in Herndon, VA , and is publicly traded on the New York Stock Exchange as BKSY. To learn more, visit www.blacksky.com and follow us on Twitter.
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