BUZZ-BlackSky rises after winning $100 million space-based monitoring contract

Reuters

2025/01/28

** Real-time geospatial intelligence solutions provider BlackSky Technology's BKSY.N shares rise 16% to $15.33 in premarket trading

** Company wins more than $100 mln contract from what it called a long-term partner in the international defense sector for real-time, space-based monitoring capabilities

** The seven-year deal secures annual capacity minimums for reliable high-resolution, low-latency current Gen-2 and upcoming Gen-3 imagery, and AI-enabled analytics services through 2032

** Stock had fallen ~4% in 2024

(Reporting by Harshita Mary Varghese in Bengaluru)

((HarshitaMary.Varghese@thomsonreuters.com))

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