BlackSky Wins Competitive $24 Million Air Force Research Laboratory Contract for Global Moving Target Engagement
13 Marzo 2024 - 6:30AM
Business Wire
Company to demonstrate information fusion in
hybrid setting using multiple government ISR and commercial data
sources
BlackSky Technology Inc. (NYSE: BKSY) won a competitive $24
million Air Force Research Laboratory (AFRL) ceiling contract to
develop and demonstrate moving target engagement services.
“BlackSky’s software-first, AI approach will add depth and scale
to commercial space-based moving target detection, tracking and
identification at machine speed,” said Brian E. O’Toole, BlackSky
CEO.
Using the BlackSky Spectra® tasking and analytics platform, the
company will use its own and third-party data to demonstrate how
various AI and machine learning techniques affect tasking,
multi-INT collection, automatic tipping-and-cueing, direct downlink
and moving target engagement processing timelines within an
exercise environment.
“BlackSky Spectra has been optimized to perform in
resource-limited environments and will demonstrate the ability to
fuse information in a hybrid setting from multiple government ISR
and commercial data sources,” said O’Toole.
An initial award of $3.5 million was obligated at the time of
the award.
About BlackSky
BlackSky is a leading provider of real-time geospatial
intelligence. BlackSky delivers on-demand, high frequency imagery,
monitoring and analytics of the most critical and strategic
locations, economic assets, and events in the world.
BlackSky designs, owns and operates one of the industry’s
leading low earth orbit small satellite constellations, optimized
to capture imagery cost-efficiently where and when our customers
need it. BlackSky’s Spectra AI software platform processes data
from BlackSky’s constellation and from other third-party sensors to
develop the critical insights and analytics that our customers
require.
BlackSky is relied upon by U.S. and international government
agencies, commercial businesses, and organizations around the
world. BlackSky is headquartered in Herndon, VA, and is publicly
traded on the New York Stock Exchange as BKSY. To learn more, visit
www.blacksky.com and follow us on X (formerly Twitter).
Forward-Looking Statements
Certain statements in this press release may contain
forward-looking statements within the meaning of the federal
securities laws with respect to BlackSky. These forward-looking
statements generally are identified by the words “believe,”
“project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions. Forward-looking statements are
predictions, projections, and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this document. If any of these risks
materialize or underlying assumptions prove incorrect, actual
results could differ materially from the results implied by these
forward-looking statements. In addition, forward-looking statements
reflect our expectations, plans, or forecasts of future events and
views as of the date of this communication. We anticipate that
subsequent events and developments will cause their assessments to
change. Accordingly, forward-looking statements should not be
relied upon as representing our views as of any subsequent date,
and we do not undertake any obligation to update forward-looking
statements to reflect events or circumstances after the date they
were made, whether as a result of new information, future events or
otherwise, except as may be required under applicable securities
laws. Additional risks and uncertainties are identified and
discussed in BlackSky’s disclosure materials filed from time to
time with the SEC which are available at the SEC’s website at
http://www.sec.gov or on BlackSky’s Investor Relations website at
https://ir.blacksky.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240313745077/en/
Investor Contact Aly Bonilla VP, Investor Relations
abonilla@blacksky.com
Media Contact Pauly Cabellon Director, External Communications
pcabellon@blacksky.com
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