Planet Wins Seven-Figure Pilot Contract With An International Defense Customer For PlanetScope Data Enhanced With SynMax AI

7/15/24 9:08:40 AM ET

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Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, today announced that it has signed a seven-figure pilot contract with an international ministry of defense customer for PlanetScope data enhanced with the AI-based Theia solution from its partner SynMax. Together, Planet and SynMax, a Houston-based satellite analytics and intelligence company, are providing the customer with a cutting-edge maritime domain awareness ("MDA") solution for vessel detection and monitoring. Additionally, the customer also expanded their SkySat contact with Planet for high resolution satellite data.

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Recent Analyst Ratings for
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Date	Price Target	Rating	Analyst
9/6/2024	$7.00 → $5.00	Buy	Needham
12/8/2023		Buy → Hold	Craig Hallum
5/2/2023	$5.50	Mkt Outperform	JMP Securities
4/18/2023	$6.00	Buy	Citigroup
1/23/2023	$6.00	Equal-Weight	Morgan Stanley
11/7/2022	$7.00	Buy	Deutsche Bank
6/15/2022	$10.50 → $8.00	Buy	Needham
1/27/2022	$10.50	Buy	Needham

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Planet Wins Seven-Figure Pilot Contract With An International Defense Customer For PlanetScope Data Enhanced With SynMax AI

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