BlackSky Technology Stock Is Soaring Thursday: What's Going On?

BlackSky Technology Inc (NYSE:BKSY) shares are trading higher Thursday after the company was awarded a five-year contract to monitor global economic activity and military capabilities.

What Happened: The U.S. National Geospatial-Intelligence Agency (NGA) awarded BlackSky Technology a multi-award indefinite-delivery, indefinite-quantity contract worth up to $290 million over five years.

Under the contract, BlackSky will monitor global economic and environmental activity and military capability using satellite imagery and AI-driven change-detection analytics.

The company expects to provide analytical services that detect and identify objects of interest such ...

Full story available on Benzinga.com