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Benzinga
Benzinga
Business
Happy Mohamed

Why Shares Of BlackSky Technologies Are Trading Higher Today

BlackSky BKSY NYSE Artificial Intelligence

BlackSky Technology Inc. (NYSE:BKSY) shares are trading higher after the company announced it was awarded a five-year Joint Artificial Intelligence Center contract for AI data readiness. The JAIC agreement has a ceiling value of $241 million over five years.

Patrick O'Neil, BlackSky chief innovation officer, said "From automatically tasking satellites to the low-latency delivery and analysis of high-frequency geospatial imagery and non-imagery data, our unique, data-rich platform brings a strong source of core AI-enabled end-to-end capabilities to the DoD's mission sets."

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