BlackSky wins competitive $25M Assured contract with defense customer

BlackSky (BKSY) Technology won a competitive $25 million, multi-year Assured contract with a major international defense customer. “The proven operational performance of our 35-centimeter Gen-3 satellites is driving long-term commitments from major government customers that require mission critical intelligence from an industry-leading space-based intelligence platform,” said Brian O’Toole, BlackSky CEO. “With four Gen-3 satellites on orbit, BlackSky is now rapidly deploying Gen-3 capacity and driving up backlog and annual recurring revenue from our high margin space-based intelligence and AI services business.”