Latest news with #NGA
Yahoo
13 hours ago
- Business
- Yahoo
Why BlackSky Technology Stock Popped Today
BlackSky won a $24 million delivery order from NGA earlier in the week. This morning, Canaccord Genuity raised its price target on BlackSky stock. BlackSky's revenue growth remains slow, and the stock remains unprofitable. 10 stocks we like better than BlackSky Technology › Shares of BlackSky Technology (NYSE: BKSY), one of the leading providers of digital satellite photos of Earth from space, rocketed 18.9% through 12:35 p.m. ET Thursday on a couple of positive developments. On Tuesday, BlackSky announced the National Geospatial-Intelligence Agency (NGA) awarded the company a $24 million, four-year contract to perform global monitoring of military and economic facilities. Two days later -- today -- Canaccord Genuity analyst Austin Moeller responded by raising his price target on BlackSky stock from $14 to $20 per share. Let's start with the NGA contract. Technically a "delivery order" under a much larger umbrella contract awarded last year, this "Luno A Facility Operational Monitoring" contract hires BlackSky to "perform AI-enabled object and pattern-of-life change detection to monitor trends and anomalies in vehicle, aircraft, vessel, railcar, and ground equipment activity at military and economic facilities worldwide, including ports, airfields, military installations, and railways." So it's basically it's a spy satellite contract. It's also worth an additional $6 million a year to BlackSky, with the potential to grow even bigger over time, as more delivery orders under the original umbrella contract roll in. But is this development big enough to justify adding more than $100 million to BlackSky's market capitalization today? I doubt it. BlackSky stock has already more than doubled over the past year. Yet revenues are up less than 10%, the company's still burning cash, and it's still losing about $54 million a year. Analysts polled by S&P Global Market Intelligence don't expect BlackSky to earn its first profit before 2028 at the earliest. While $20 a share may not sound like much today, I'm afraid BlackSky stock is still too expensive to buy. Before you buy stock in BlackSky Technology, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and BlackSky Technology wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $687,731!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $945,846!* Now, it's worth noting Stock Advisor's total average return is 818% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why BlackSky Technology Stock Popped Today was originally published by The Motley Fool
Business Wire
a day ago
- Business
- Business Wire
Maxar Awarded Contract by NGA to Deliver AI-Powered Object Detection Services
WESTMINSTER, Colo.--(BUSINESS WIRE)--Maxar Intelligence, the leading provider of secure, precise geospatial insights, announced today that it was awarded Delivery Order 01 under the Luno A program by the National Geospatial-Intelligence Agency (NGA). This award is focused on delivering commercial analytic services, specifically automated AI/ML-generated object detections over many specified locations at once. Maxar is primarily identifying various classes of aircraft, ships, ground vehicles and railcars, helping NGA determine object counts at specified locations, classification of objects, identify trends and anomalies, and perform spatial and temporal geospatial intelligence analysis. The mission represents a strong example of operationalizing commercial technologies for persistent site monitoring at global scale. Maxar has partnered on this award with satellite Earth observation data provider, Satellogic, Inc. (NASDAQ: SATL), integrating the capacity and revisit of both constellations to deliver a combination of persistent monitoring and high-resolution imaging for the most demanding multi-sensor applications; Enabled Intelligence to aid with model validation and verification; and Striveworks for the AIOps platform. Delivery Order 01 requires excellent performance against extremely tight delivery timelines, including the ability to collect multiple images across constellations within specified windows and delivering model outputs within hours of image acquisition. Automation is the key to success for all phases that include collection, computer vision model inference, and delivery of timely results. 'This award reflects the power of combining commercial innovation to support national security mission needs,' said Susanne Hake, SVP and General Manager of Maxar's U.S. Government business. 'By working together with other industry leaders, we're enabling a powerful combination of diverse sensor data and advanced analytics to help make smarter, faster decisions.' For more information about Maxar's analytical offerings, visit About Maxar Intelligence Maxar Intelligence is a leading provider of secure, precise geospatial insights. Operating the most advanced commercial Earth observation constellation on orbit, we use the power of very high-resolution satellite imagery and software technology to deliver mission success on Earth and in space. Our secure, AI-powered products and services deliver ground truth in near real-time to keep nations safe, improve navigation, protect our planet, speed up disaster response and more. For more information, visit
Yahoo
a day ago
- Business
- Yahoo
Jim Cramer Notes BlackSky Technology 'Stock's Up a Great Deal'
BlackSky Technology Inc. (NYSE:BKSY) is one of the 12 stocks on Jim Cramer's radar recently. Answering a caller's query about the company, Cramer said: 'Yeah… Now, this is a very hard, look, they do this real-time spatial… I think it's a competitive space. I'm not sure I want to be in it, especially because the stock's up a great deal.' A satellite in mid-flight with its solar panels capturing the sun's rays. BlackSky Technology (NYSE:BKSY) provides geospatial intelligence and data analytics through a combination of satellite operations, software platforms, and sensor integration. The company's services support object and anomaly detection, site monitoring, and pattern-of-life analysis across strategic and infrastructure-related locations. As per a June 24 press release, the company secured a delivery order exceeding $24 million over four years from the National Geospatial-Intelligence Agency (NGA) under the Luno A Facility Operational Monitoring (FOMO) program. The order includes an initial base and surge option award totaling $2 million. BlackSky Technology (NYSE:BKSY) will provide AI-enabled object and pattern-of-life change detection to track trends and anomalies in global military and economic facility activity. Monitoring will cover vehicles, aircraft, vessels, railcars, and ground equipment at locations such as ports, airfields, military bases, and railways. The company currently monitors more than 30 million square kilometers of Earth's surface for the NGA. In October 2024, the NGA awarded the company a five-year, multi-award, indefinite-delivery, indefinite-quantity contract under Luno A, valued at up to $290 million. While we acknowledge the potential of AMD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
ABC News
2 days ago
- Entertainment
- ABC News
Jenny Kee and Linda Jackson add a touch of 'iconically Australian' style to National Gallery of Australia collection
When Princess Diana turned up to a polo game wearing a navy jumper with a koala on the front in the 1980s, it made headlines around the world. The jumper became instantly iconic — as did the artist behind it. Fashion designer Jenny Kee's career was given the royal treatment and international recognition ensued. At a time when wardrobes are filled with the ever-churning trends of fast fashion, Kee's work has stood the test of time — so it's only fitting that some of her pieces are forming a new gallery exhibition, alongside those of her former artistic partner Linda Jackson. With no 'basic tees' in sight, 80 works by the pair, including bold hand-knitted garments, silks and scarves, have taken centre stage at the National Gallery of Australia (NGA). "I just hope that people will be completely inspired by nature when they walk away ... [inspired] by art." Though Kee's famous koala jumper isn't part of the collection, the works on display are clearly inspired by Australian flora and fauna. Some of the pair's works have been on display in the gallery since March, drawing in fans and young admirers. "We've had people coming in with their old Jenny Kee knits and their Linda Jackson scarves and having their photos taken in front of the works," Simeran Maxwell, NGA associate curator of Australian art, said. The pair began collaborating in the 1970s when Jackson started selling her work in Kee's Flamingo Park Frock Salon in Sydney's Strand Arcade. Their artistic partnership ended a little over a decade later, and they both went on to create successful individual projects. For Jackson, that looked like Bush Couture Studio in Kings Cross, filled with hand printed textiles with opal designs inspired by her travels through parts of South-East Asia and Europe. Kee continued to run Flamingo Park until 1995, and her name is synonymous with bright Australiana knits and bold nature-inspired garments. The NGA's acquisition includes many previously unseen works from Kee and Jackson's early careers, and is one of the largest collections of its kind. Both Kee and Jackson donated some items to the acquisition from their personal collection. "Mine were often packed in boxes with tissue because some of them weren't suitable to be hanging on coat hangers and stuff," Jackson said. "Everything was looked after with a knowledge that possibility, as time went on, something like this could happen." Kee and Jackson's personal collections are on display as part of the first instalment of the gallery's Know My Name: Kee, Jackson and Delaunay exhibition. Alongside their vibrant designs, the exhibition also highlights works by French artist Sonia Delaunay, who was an inspiration to both artists. Delaunay was the co-founder of an art movement known as Orphism, which used intense colours and abstract forms. "It took us back to those times and how important this inspiration is," Jackson said. "Clearly you can see how earlier women inspired us." Rarely seen Kee and Jackson works will be revealed in a second instalment, due to go on display from November 2025 until July 2026. "These are not going to go into storage and we will forget about them," Ms Maxwell said. "These will be constantly in use."
Yahoo
3 days ago
- Business
- Yahoo
Independent Grocers Demonstrate Agility Amid Consumer Caution and Operational Challenges, 2025 Financial Study Finds
FORT LAUDERDALE, Fla., June 25, 2025 /PRNewswire/ -- The 2025 Independent Grocers Financial Study, released today by the National Grocers Association (NGA) and FMS Solutions, provides a comprehensive analysis of independent grocers' financial and operational performance during fiscal year 2024, ending March 31, 2025. In a year marked by persistent cost pressures and economic uncertainty, independent grocers demonstrated notable resilience and adaptability in meeting changing consumer needs. While grocery inflation remained moderate, a sharp drop in consumer sentiment in early 2025—driven by tariff concerns, stock market volatility, and financial fatigue from prolonged inflation—led shoppers to prioritize value. Weekly transactions increased to an average of 8,609 per store as customers sought promotions, although spending per trip declined as non-essential purchases were avoided. In response, 95% of independent grocers utilized ad circulars, with a growing shift to digital formats. "Independent grocers continue to be a vital, adaptive force in communities across the country," said Greg Ferrara, NGA President and CEO. "Despite rising costs and shifting consumer dynamics, these retailers are finding creative ways to deliver value and maintain community connections." Operationally, independent grocers faced notable workforce challenges, with part-time associate turnover at 40.7% overall and 55.8% among multi-store operators. Adoption of self-checkout slowed, with only 47% of respondents offering the option. Inventory turns improved to 17.8, though shrink increased to 3.5%. Margins held steady at 27.4%, but total expenses climbed to 25.8% of sales—driven by higher labor, benefits, credit card fees, and utilities. Labor and benefits alone reached a record 16.3% of net sales. "Fiscal year 2024 proved to be a story of contrasts," said Robert Graybill, President and CEO of FMS Solutions. "Net profit edged up to 1.9%, led by larger operators. EBITDA, however, diverged—falling to 1.52% among single-store grocers while rising to 3.28% for multi-store and higher-volume operators. This highlights the continuing advantage of scale and operational efficiency." Sales increased 1.3% year-over-year, driven by a 2.2% gain among multi-store operators, compared to a -0.8% decline for single-store grocers. E-commerce remained modest at 1% of total sales but generated significantly larger average baskets: $105 online versus $34 in-store. The report also highlights perimeter bakery as a growing differentiator. Many independents leveraged seasonal items, in-store baking, and signature products to enhance customer engagement and drive margin. The 2025 Independent Grocers Financial Study is based on responses from 93 survey participants representing 626 store locations and incorporates financial benchmarks from FMS Solutions' database of 507 independent grocers with 1,911 store locations. The report provides segmented insights by store count, region, and sales volume, offering a valuable resource for benchmarking and informed strategic decision-making in today's evolving grocery landscape. About FMS SolutionsFMS Solutions (FMS) is a trusted partner for independent retailers, delivering the FMS Advantage—a comprehensive suite of accounting, tax, finance, labor management solutions, and SaaS solutions and services. With decades of deep industry expertise and a legacy dating back to 1974, FMS empowers grocers with real-time, data-driven insights that turn everyday operations into strategic decisions. Serving over 6,800 locations across all 50 states, Canada, and the Caribbean, FMS helps independent retailers boost profitability, streamline operations, and stay ahead in a competitive market. From single-store operators to many of the top major independents, FMS' innovative tools and expert guidance support long-term growth. Headquartered in Fort Lauderdale, Florida, FMS has offices throughout North America and several global innovation centers. To learn more, visit or call 877.435.9400. About NGANGA is the national trade association representing the retail and wholesale community grocers that comprise the independent sector of the food distribution industry. An independent retailer is a privately owned or controlled food retail company operating a variety of formats. The independent grocery sector is accountable for about 1.2 percent of the nation's overall economy and is responsible for generating more than $250 billion in sales, 1.1 million jobs, $39 billion in wages and $36 billion in taxes. NGA members include retail and wholesale grocers located in every congressional district across the country, as well as state grocers' associations, manufacturers and service suppliers. For more information about NGA, visit View original content to download multimedia: SOURCE FMS Solutions Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
