Planet Labs Secures €240 Million Satellite Services Deal with German Government for European Security

Reuters

Jul 01

Planet Labs Secures €240 Million Satellite Services Deal with German Government for European Security

Planet Labs Germany GmbH has secured a significant €240 million satellite services agreement, funded by the German government, to support European peace and security. The multi-year deal includes dedicated capacity and direct downlink services on Pelican satellites over specific European regions, along with access to PlanetScope and SkySat data, enhanced by AI-enabled solutions for improved situational and maritime domain awareness. This agreement, following a recent pivotal deal with NATO, reinforces Planet's role as a key partner in enhancing strategic capabilities amid a complex geopolitical landscape. Revenue recognition from this contract is expected to begin in January 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Planet Labs PBC published the original content used to generate this news brief via Business Wire (Ref. ID: 20250701149801) on July 01, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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