Shares of Planet Labs PBC (NYSE:PL) jumped 7% following the announcement that the company has secured a substantial contract with NATO valued in the seven-figure range. Under this agreement, Planet Labs will provide cutting-edge daily monitoring and intelligence services.
The deal involves deploying a specialized platform that integrates Planet Labs’ PlanetScope Broad Area Monitoring technology with sophisticated Artificial Intelligence (AI) and Machine Learning (ML) tools. This combination will offer NATO continuous satellite-based surveillance, improved early warning systems, and enhanced Maritime Domain Awareness capabilities.
This collaboration arrives amid a period of intensified defense upgrades across Europe, as nations respond to shifting geopolitical tensions. Planet Labs’ technology is expected to enable NATO to move beyond reactive, target-focused monitoring toward a more proactive approach centered on detecting wide-area anomalies.
Admiral Pierre Vandier, NATO’s Supreme Allied Commander for Transformation, described the partnership as a “major advance,” highlighting how Planet Labs’ satellite data and AI-driven insights are essential for bolstering global situational awareness and enabling swift responses to complex security threats.
Will Marshall, CEO of Planet Labs, emphasized the company’s ability to meet the increasing demand for extensive intelligence solutions in today’s evolving geopolitical environment.