ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Planet Signs Contract with NATO Agency to Advance the Alliance Persistent Surveillance from Space (APSS) Program

Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, announced it has signed a new contract with the NATO Communications and Information Agency (NCIA). NCIA's Alliance Persistent Surveillance from Space (APSS) program will use Planet’s SkySat high-resolution satellite data to support NATO missions.

Planet’s tasking capabilities will empower NATO decision makers by providing imagery for use with detailed tracking and analysis of foreign military capabilities and activities, monitoring of military infrastructure, detecting movements, assessing threats effectively, filling missing intelligence gaps and helping provide an unclassified common operating picture between allies.

“In a time of heightened global conflict, this ability to supply NATO is more critical than ever to reinforce multinational alliances and advance peace around the world through transparency and accountability from space,” said Will Marshall, co-founder and CEO of Planet. “We look forward to working with the APSS team as it continues to adopt new space technology to advance global security.”

Founded in February 2023, APSS is a multi-year, multinational initiative that aims to use space to collect data on any location at any given time, increase space-based intelligence sharing, improve NATO’s overall intelligence through space-based assets, and increase the speed, usability and management efficiency at which space-based data is collected, aggregated and delivered. APSS also enhances how NATO engages with future technologies including cloud solutions and AI analytical tools that will be key to better manage the growing amounts of space data available.

“Space is critical for NATO, from supporting the navigation and tracking of forces, detecting missile launches, maintaining situational awareness, to ensuring effective command and control,” said Laryssa Patten, Head of Space Technology Adoption and Resilience at NCIA. “Planet’s sub-daily tasking brings new capabilities which enable monitoring of large areas of NATO interest, bolstering our technological advantage, and fulfilling our mission of preserving peace and security for nearly one billion people.”

This contract highlights Planet’s continued business growth in the government sector this year, following a recently announced contract expansion with a US-allied International Government Agency and a pilot contract signed with an International Ministry of Defense Customer.

About Planet

Planet is a leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest Earth observation fleet of imaging satellites. Planet provides mission-critical data, advanced insights, and software solutions to over 1,000 customers, comprising the world’s leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. Planet is a public benefit corporation listed on the New York Stock Exchange as PL. To learn more visit www.planet.com and follow us on X (formerly Twitter) or tune in to HBO's ‘Wild Wild Space’.

Contacts

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.