BlackSky Technology Inc. won the 2024 Novaspace Leading Earth Observation Business Award at World Space Business Week. BlackSky is recognized for excellence and innovation in Earth observation by delivering commercial real-time, space-based intelligence at mission speed and scale using high-cadence, rapid-revisit satellite imagery and AI-driven analytics.

The annual WSBW awards recognize the most forward-thinking businesses and innovators shaping the future of the global space sector. A panel of industry experts evaluate qualitative and quantitative criteria to honor companies that distinguish themselves during the year that include innovation, strategic decisionmaking, market impact, and financial and commercial indicators.

This year, BlackSky made notable achievements in transforming the adoption model for commercial real-time, space-based intelligence and furthering the Earth observation industry’s transition from static mapping to dynamic, AI-driven monitoring of critical areas of interest while expanding its product offering to revolutionize non-Earth imaging.

Through a first-of-its kind $50 million contract supporting the Indonesian Ministry of Defense, BlackSky is pioneering a new, software-first adoption model, offering customers immediate access to subscription-based Assured monitoring services over priority areas of interest with very little risk and without spending hundreds of millions on capability that will not materialize for years.

In January, BlackSky won a contract from the Intelligence Advanced Research Projects Activity (IARPA) to move forward into the third and final phase of the multi-year Space-based Machine Automated Recognition Technique (SMART) program. With the core technology developed under the SMART program, BlackSky’s AI tools have detected and classified more than two million change observations with a high degree of accuracy over 120 thousand distinct sites after having analyzed five years of historic broad area satellite imagery from government and commercial sources.

The National Geospatial-Intelligence Agency (NGA) recently announced BlackSky was selected as a vendor under the five-year, $290 million Luno A multi-award indefinite delivery/indefinite quantity contract. The five-year deal focuses on monitoring economic and environmental activity and military capabilities using commercial geospatial intelligence and analytics services. BlackSky today monitors over more than 30 million square kilometers of the Earth’s surface for the NGA.

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.

Contacts:
Investor Contact
Aly Bonilla
VP, Investor Relations
abonilla@blacksky.com

Media Contact:
Pauly Cabellon
Sr. Director, External Communications
bksypr@blacksky.com

 

Source: businesswire.com

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