Planet Labs Secures 4 Major AI-Enabled Defense Contracts In June, Including €240M Germany Deal And U.S. Military Expansions

• Four New Significant AI-enabled Solution Contracts Awarded in June
• AI-enabled Solutions Provide Countries with Critical ‘Peripheral Vision'
• Contract Wins Reinforce Planet's Path to Accelerating Growth

Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about change on Earth, today announced that following its June 4, 2025 earnings announcement, it has secured four major awards for its new AI-enabled solutions with customers in the Defense & Intelligence sector. These wins build on the global momentum discussed on Planet's last earnings call.

These contracts support enhanced situational awareness and informed decision-making for government customers in the U.S. and internationally. They underscore the growing demand for Planet's modern approach to national security, leveraging its proprietary satellite data and advanced artificial intelligence (AI) capabilities.

Among the key agreements being highlighted:

• As announced today in a separate press release, Planet won a €240 million contract, funded by Germany, one component of which is a multi-year contract renewal with an 8-figure annual value for PlanetScope data and AI-enabled solutions.
• In addition, Planet's existing Hybrid Space Architecture (HSA) contract with the Defense Innovation Unit (DIU), part of the U.S. Department of Defense, was recently expanded in support of the U.S. Indo-Pacific Command (INDOPACOM). It will provide AI-enabled solutions focused on delivering vital indications and warnings for national security. As the U.S. government modernizes its defense capabilities, Planet's broad area data and AI advancements are designed to enable customers to monitor entire countries or regions for critical changes and threats.
• Planet signed a seven-figure expansion with the U.S. Navy to provide Maritime Domain Awareness over the Pacific Ocean region.
• Finally, as announced on June 12, 2025, Planet was selected by NATO for a seven-figure contract to deliver persistent space-based surveillance, enhanced indications and warnings, and critical Maritime Domain Awareness functions.

These wins build on the momentum highlighted in Planet's other recent announcements, which include another 8-figure annual contract value win with a European defense and intelligence customer for PlanetScope and Maritime Domain Awareness (MDA) products, as announced on Planet's prior earnings call.

Additionally, Planet was recently awarded a contract option by the National Reconnaissance Office (NRO) as part of the Electro-Optical Commercial Layer (EOCL) program. This extends Planet's provision of daily monitoring and high-resolution tasking data, maintaining its prior EOCL performance level from June through October 2025.