BlackSky Wins ~$6M Contract Expansion With Legacy International Defense Sector Customer For Assured, High-Frequency Satellite Imagery Services
Portfolio Pulse from Benzinga Newsdesk
BlackSky Technology Inc. (NYSE:BKSY) has secured a $6 million contract expansion with an international defense sector customer, increasing the annual subscription to nearly $18 million for its Gen-2 satellite imagery services. This expansion comes as BlackSky prepares to launch its advanced Gen-3 capabilities.
October 01, 2024 | 12:32 pm
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BlackSky Technology Inc. has expanded its contract with an international defense customer by $6 million, increasing the annual subscription to $18 million for its Gen-2 satellite imagery services. This positions BlackSky for future growth as it prepares to introduce Gen-3 capabilities.
The contract expansion signifies increased demand and revenue for BlackSky's services, which is positive for the company's financial outlook. The preparation for Gen-3 capabilities suggests potential for further growth and innovation, likely boosting investor confidence.
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