Planet Labs signs low 9-figure satellite services contract with Swedish Armed Forces

Planet Labs PBC

Multi-year deal for satellites, data and intelligence solutions; value in low 9 figures.
Third major satellite services contract in 12 months; total over $500M across three deals (Japan, Germany, Sweden).
Planet's financial guidance for Q4 and FY ending Jan 31, 2026 unchanged from Dec 10, 2025 earnings release.
Revenue from contract to be recognized over several years; leverages expanded fleet for global customers.
CEO Will Marshall states deal gives Sweden fast, sovereign space capability, aiding regional allies like Ukraine.

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