Planet Labs secures defense sector contract awards

Planet Labs (PL) announced it has secured four awards for its new AI-enabled solutions with customers in the Defense & Intelligence sector. These wins build on the global momentum discussed on Planet’s last earnings call. These contracts support enhanced situational awareness and informed decision-making for government customers in the U.S. and internationally. Planet’s existing Hybrid Space Architecture contract with the Defense Innovation Unit, part of the U.S. Department of Defense, was recently expanded in support of the U.S. Indo-Pacific Command. It will provide AI-enabled solutions focused on delivering vital indications and warnings for national security. As the U.S. government modernizes its defense capabilities, Planet’s broad area data and AI advancements are designed to enable customers to monitor entire countries or regions for critical changes and threats. Planet signed a seven-figure expansion with the U.S. Navy to provide Maritime Domain Awareness over the Pacific Ocean region. Finally, as announced on June 12, 2025, Planet was selected by NATO for a seven-figure contract to deliver persistent space-based surveillance, enhanced indications and warnings, and critical Maritime Domain Awareness functions. These wins include another eight-figure annual contract value win with a European defense and intelligence customer for PlanetScope and Maritime Domain Awareness products, as announced on Planet’s prior earnings call. “As shared on our recent earnings call, the changing geopolitical landscape and modernization of security capabilities are driving unprecedented interest in our solutions,” said Will Marshall, Planet’s CEO and co-Founder. “Today’s announcements highlight the strong demand for AI-enabled solutions and our data, demonstrated by the multiple contracts with an eight-figure annual contract value.”