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Investing.com -- BlackSky Technology Inc (NYSE:BKSY) stock rose 3.5% following the announcement of a new contract to provide subscription-based monitoring services for Latin American defense and intelligence customers.
The geospatial intelligence company will deliver On-Demand Gen-3 and Gen-2 satellite monitoring capabilities to help combat transnational organized crime in the region. The agreement enables customers to access BlackSky’s proprietary satellites, imagery archives, and analytics data through the company’s Spectra platform.
BlackSky’s technology offers high-frequency monitoring capabilities, with the ability to capture imagery up to 15 times per day over the same location. This provides what the company describes as "decision-quality data" for both strategic planning and tactical operations.
"BlackSky’s low-latency, high-cadence monitoring services give government security forces an unparalleled strategic and tactical first-to-act advantage," said Brian O’Toole, BlackSky CEO. "By increasing the speed, volume and diversity of space-based data sources, end users gain persistent visibility into pattern-of-life anomalies such as irregular migration or vehicle, vessel and aircraft movements."
The contract highlights BlackSky’s focus on providing rapid response satellite imagery for defense and intelligence applications. The company’s system uses AI-driven automation to deliver imagery and analytics directly to end users in the field.
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