NGA doubles value of economic surveillance contract to $30 million

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By satellite illustration.

The National Geospatial Intelligence Agency (NGA) doubled the ceiling value of an analysis contract to monitor economic impacts. The NGA announced this week that it is increasing the value of the Economic Indicators Monitoring (EIM) contract from $30 million to $60 million.

The flexible contract was first announced in September 2021 with five suppliers — BABY, Aeronautical balloon, Black sky, Continental Mapping Consultantsand Royce Geospatial Consultants Inc. According to the NGA, the analytical services acquired under this contract are used to “monitor activity to understand the economic impact and business trends that affect financial markets, other studies of scarcity and military capabilities in the world”. This could include the flow of raw materials, agricultural products, equipment, fuels, vehicles, waste and other goods.

This increase consists of purchasing additional orders from current suppliers. NGA has to date awarded nine delivery orders with a contract value of $27.5 million.

“Given the timing of likely Congressional FY23 budget increases for commercial GEOINT and EIM program support to the ongoing Ukraine crisis, it is prudent to leverage NGA’s current EIM vendor pool to continue to deliver world-class geospatial intelligence,” NGA said in a November 15 announcement.

BlackSky won $14 million in total orders in the first year of the five-year contract. BlackSky said this overall increase shows the demand for satellite monitoring services.

“This cap increase validates a growing demand for AI-powered, real-time surveillance services that reveal economic activity in manufacturing hubs, major seaports and airports around the world,” said Patrick O’ Neil, Chief Innovation Officer of BlackSky. “It also demonstrates NGA’s growing interest in purchasing commercial analytical services to support its broader mission.”

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