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Planet Labs Bags Multi-Year Contract From Swedish Armed Forces

January 12, 2026 — 11:18 am EST

Written by RTTNews.com for RTTNews->

(RTTNews) - Planet Labs PBC (PL), Monday announced a multi-year low 9-figure agreement with the Swedish Armed Forces to supply a suite of satellites, space-based data and awareness solutions.

The company said that its scaled production line and agile aerospace methodology would help Sweden to strengthen its long-term sovereignty.

The company expects to recognize the commercial payments from the partner as revenue over several years.

Currently, PL is moving up 6.96 percent, to $24.31 on the New York Stock Exchange.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
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