BlackSky Technology Inc. (NYSE:BKSY) shares climbed 6% following the award of a delivery order valued at over $24 million from the National Geospatial-Intelligence Agency (NGA) for facility operational monitoring services.
The four-year contract requires BlackSky to provide AI-enabled object detection and pattern-of-life change monitoring at military and economic facilities worldwide. The company has already received an initial base and surge option award totaling $2 million under this broader contract.
BlackSky will track trends and anomalies in vehicle, aircraft, vessel, railcar, and ground equipment activities across key locations including ports, airfields, military bases, and railways. This monitoring will cover more than 30 million square kilometers of the Earth’s surface on behalf of NGA.
The delivery order is part of the Luno A contract, a five-year, multi-award indefinite-delivery/indefinite-quantity (IDIQ) agreement valued at up to $290 million, for which BlackSky was selected in October.
“Securing this Luno A task order continues BlackSky’s long record of success delivering our industry leading commercial real-time, AI-enabled dynamic monitoring capabilities at machine speed and scale in service to U.S. national security,” said Brian O’Toole, BlackSky CEO.
BlackSky also highlighted its upcoming Gen-3 satellites, which are expected to boost its monitoring capabilities by offering faster, more detailed, and precise insights. The company’s AI tools are designed for scalability and cost-efficiency, enabling more frequent, data-intensive broad-area searches than traditional methods.