Maxar collected new satellite imagery of the southern Ukrainian port city of Berdyansk, which reveals a Russian Alligator-class landing ship that is burnt and partially submerged near one of the loading and unloading docks of the ports.
Maxar Technologies | Getty Images
The National Recognition Office on Wednesday announced billions worth of billions of dollars over the next decade to a trio of satellite imagery companies: Maxar, Planet and BlackSky.
Maxar, in a securities presentation, said his 10-year EOCL contract is worth up to $ 3.34 billion, with a five-year base contract worth $ 1.5 billion and optional contracts worth up to $ 1.24 billion dollars. BlackSky’s contract is valued at up to $ 1.02 billion over 10 years, the company revealed in a presentation. Planet’s contract value was not immediately available.
NRO promoted the contracts as a “historic expansion” of its procurement strategy, noting that the growing availability of images of commercial companies “increases our resilience and allows for an integrated approach” to national security. . The NRO is the US agency that manages a wide range of satellite intelligence capabilities, including the operation of its own classified satellites.
BlackSky shares skyrocketed more than 99% in trading, while Planet shares rose 14% and Maxar shares rose 20% since previous closing of $ 1.18 per share. $ 5.02 per share and $ 24.48 per share, respectively.
An image of one of the company’s satellites shows Lower Manhattan in New York City.
Planet
The NRO award is part of its Electro-Optical Commercial Layer (EOCL) program, which according to the intelligence agency will support more than 500,000 federal users over the next decade.
The EOCL agreement has been long awaited, as Maxar had previously served as the sole provider of commercially acquired satellite imagery for the NGO. While Maxar may be losing a lucrative monopoly, Wall Street analysts do not expect the new competition to hurt the company, given the growth of the total addressable satellite imagery market.