BlackSky Wins Multi-Million Dollar Contract In Support Of U.S. Department Of Defense Moving Target Study; No Specific Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
BlackSky Technology Inc. (NYSE:BKSY) has been awarded a multi-million dollar contract by the U.S. Department of Defense to supply and annotate thousands of multi-frame burst images. These images will be used to train artificial intelligence models for identifying moving targets in commercial motion imagery. The contract includes subscription-based access to BlackSky's Spectra tasking and analytics platform, which will support various customer-approved exercises, technology demonstrations, and operations.
March 04, 2024 | 1:39 pm
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BlackSky Technology Inc. wins a significant contract with the U.S. Department of Defense to provide annotated burst images for AI model training, including access to its Spectra platform.
The contract with the U.S. Department of Defense is a significant achievement for BlackSky, indicating strong confidence in its technology and potential for future collaborations. This partnership not only enhances BlackSky's credibility but also promises increased revenue streams. Given the scale and prestige of the contract, it is likely to have a positive impact on investor sentiment and BlackSky's stock price in the short term.
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