Planet Labs PBC (NYSE:PL) stock gained 2% on Thursday after the company announced that its subsidiary, Planet Labs Federal, secured a $12.8 million award from the National Geospatial-Intelligence Agency (NGA) under the Luno B indefinite delivery, indefinite quantity (IDIQ) contract.
The award covers Advanced Analytics for Maritime Operations and Reconnaissance (AAMOR). Planet will provide NGA with AI-enabled Maritime Domain Awareness solutions, including vessel detection and monitoring across key areas of the Asia-Pacific region.
The solution integrates Planet’s daily, global PlanetScope imagery with partner SynMax’s Theia analytics platform, enabling AI-powered detection of maritime events. The technology is designed to help identify illegal, unreported, and unregulated fishing, illicit ship-to-ship transfers, and vessel spoofing.
“Planet is proud to deepen our partnership with the National Geospatial Agency as the prime provider for AAMOR under Luno B,” said Jon Powers, Planet VP of Global Defense and Intelligence. “In leveraging our PlanetScope constellation, which provides unparalleled broad area coverage of high interest ocean areas with near-daily revisit rates, users will continue to have the critical, relevant data they need to act quickly and decisively to help maintain maritime security around the world.”
The Luno B framework was established to give the national security community faster access to commercial geospatial intelligence. Under the IDIQ structure, NGA can exercise pre-priced options to expand or extend the AAMOR award, allowing for additional task orders over time.
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