BlackSky Tech Shares Rise on $100M-Plus Deal

Dow Jones

Jan 28

By Chris Wack

BlackSky Technology shares were up 16% to $15.24 after the company won a contract worth more than $100 million from a long-term strategic partner in the international defense sector for real-time, space-based monitoring capabilities.

Shares of the space-based intelligence company hit their 52-week high of $16.38 earlier in the session, and are up more than 50% in the past 12 months.

The Herndon, Va., company said the new seven-year deal secures annual capacity minimums for high-resolution, low-latency current Gen-2 and upcoming Gen-3 imagery and AI-enabled analytics services through 2032.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

January 28, 2025 09:53 ET (14:53 GMT)

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