BlackSky Wins Seven-Figure, Multi-Year International Contract for Combined Assured and On-Demand Subscriptions

Successful initial pilot drives rapid contract expansion for integrated, low-latency Gen-2 and Gen-3 imagery and AI-enabled analytics services

HERNDON, Va.--(BUSINESS WIRE)--BlackSky Technology Inc. (NYSE: BKSY) won an international seven-figure, multi-year contract for combined Assured and On-Demand subscriptions. Following a successful initial pilot, the customer quickly signed an expanded deal for integrated, low-latency Gen-2 and Gen-3 imagery and AI-enabled analytics services.

“BlackSky continues to drive recurring, high-margin revenue through key international subscription deals with our foundational Gen-2 dynamic monitoring constellation and ever-expanding best-in-class 35-centimeter class Gen-3 constellation,” said Brian O’Toole, BlackSky CEO. “This contract marks a significant increase in value from the original pilot program and exemplifies the continued momentum that BlackSky experiences as more international customers quickly scale up commitments in support of their long-term mission critical needs.”

As part of this contract, the customer will have access to global coverage through an On-Demand subscription, augmented by a parallel Assured subscription that will give operators premier access to imagery and analytics within its priority regional area of operations. The customer will incorporate Gen-3 and Gen-2 data seamlessly into their current environment through BlackSky’s Spectra® tasking and analytics platform which enables sustained monitoring operations over multiple locations.

“This agreement also proves the value of our integrated Gen-2 and Gen-3 satellite systems. By combining Gen-2's high-frequency cadence with Gen-3's advanced very high-resolution imaging, analysts experience the benefits of industry leading timeliness and detail, all within the confidence of a secure workflow,” added O’Toole.

The proven on-orbit operational and technical heritage of Gen-2 has been leveraged into the design and operations of Gen-3. Gen-3 satellites generate rapid-revisit, time diverse 35-centimeter imagery that enables automated identification and classification of a wider library of vehicles, aircraft, vessels and other objects of military interest, enhancing the value of BlackSky’s current Gen-2 dawn-to-dusk dynamic monitoring services. As BlackSky adds more Gen-3 satellites into the fleet our customers will experience unparalleled reliability and quality of imagery at industry-leading speeds in support of the full range of strategic to tactical ISR operations.

About BlackSky

BlackSky is a real-time, space-based intelligence company that delivers on-demand, high frequency imagery, analytics, and high-frequency monitoring of the most critical and strategic locations, economic assets, and events in the world. BlackSky owns and operates one of the industry’s most advanced, purpose-built commercial, real-time intelligence systems that combines the power of the BlackSky Spectra® tasking and analytics software platform and our proprietary low earth orbit satellite constellation.

With BlackSky, customers can see, understand and anticipate changes for a decisive strategic advantage at the tactical edge, and act not just fast, but first. BlackSky is trusted by some of the most demanding 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 X.

Forward-Looking Statements

Certain statements in this press release may contain forward-looking statements within the meaning of the federal securities laws with respect to BlackSky. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document. If any of these risks materialize or underlying assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, forward-looking statements reflect our expectations, plans, or forecasts of future events and views as of the date of this communication. We anticipate that subsequent events and developments will cause their assessments to change. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Additional risks and uncertainties are identified and discussed in BlackSky’s disclosure materials filed from time to time with the SEC which are available at the SEC’s website at http://www.sec.gov or on BlackSky’s Investor Relations website at https://ir.blacksky.com.