FINWIRES · TerminalLIVE
FINWIRES

BlackSky Wins Modified National Reconnaissance Office Contract; Shares Rise Pre-Bell

By

BlackSky Technology (BKSY) said Tuesday it has won a modification to its existing contract with the US National Reconnaissance Office to develop its AROS broad area collection satellites.

Financial terms were not disclosed.

The company said the satellites are intended to support digital mapping, navigation, maritime situational awareness, and 3D digital twin applications.

It said the system architecture will also include a new proprietary data pipeline to provide real-time and retrospective artificial intelligence analytics, model training, and decision support tools.

Shares of BlackSky were up 4.4% pre-bell.

Related Articles

Wire

Mission Produce Fiscal Q2 Adjusted Earnings, Revenue Fall; Shares Drop After Hours

Mission Produce (AVO) reported fiscal Q2 non-GAAP net income late Monday of $0.01 per diluted share, down from $0.12 a year earlier.Three analysts polled by FactSet expected $0.05.Revenue in the three months ended April 30 fell to $290.9 million from $380.3 million a year earlier.Three analysts expected $256.3 million.The board approved a stock repurchase program of up to $100 million over the next 36 months.The company's shares fell 5.9% in after-hours trading.

$AVO
Wire

Mama's Creations Fiscal Q1 Earnings, Revenue Rise

Mama's Creations (MAMA) reported fiscal Q1 earnings late Monday of $0.05 per diluted share, up from $0.03 a year earlier.Analysts polled by FactSet expected $0.03.Revenue in the three months ended April 30 rose to $52.8 million from $35.3 million a year earlier.Analysts expected $51.6 million.The company's shares fell 2.6% in after-hours trading.

$MAMA
Wire

Tango Therapeutics Launches $500 Million Stock Offering

Tango Therapeutics (TNGX) said Monday it is launching $500 million underwritten public offering of common stock.All shares are offered by the company, according to a statement.Tango said it will grant underwriters a 30-day option to purchase up to an additional $75 million of shares.

$TNGX