Planet Signs 9-Figure Deal with Sweden
Planet Labs PBC, a leading provider of daily data and insights about change on Earth, today announced a multi-year low 9-figure agreement with the Swedish Armed Forces to rapidly deliver a suite of satellites, space-based data and awareness solutions to support the country’s peace and security operations. This agreement marks Planet’s third Satellite Services contract in twelve months, signaling robust demand for Planet’s innovative, rapidly deployed space-based hardware and software solutions.
Through the multi-year contract, Sweden will own a suite of Planet’s cutting-edge satellites, and have access to Planet’s high-resolution data, and intelligence solutions. By standardizing this model, Planet offers sovereign nations a cost-effective, low-risk, and fast pathway to advanced space-based capabilities without the prohibitive capital investment and operational complexities of building proprietary standalone systems. In the last year, Planet has signed over a half a billion dollars across three satellite services contracts, supporting the national security needs of Japan via JSAT and in collaboration with Germany. Planet is proud to partner closely with allied governments to deliver critical space-based and geospatial solutions.
“Europe needs its own eyes, and Sweden is leading the way by rapidly securing its own, comprehensive space capability – helping achieve its own security objectives and assisting regional allies, like Ukraine, with timely, critical information,” said Will Marshall, Planet CEO and Co-Founder. “By leveraging Planet’s scaled production line and agile aerospace methodology, Sweden achieves both the speed and the long-term sovereignty they require, without compromise.”
Planet is proud to provide governments and commercial organizations around the world with the leading Earth observation satellites and near-daily imagery they need to monitor and detect change, helping promote international transparency and security. Planet has successfully launched over 600 satellites to date, and provides both a near-daily scan of the Earth’s landmass and tens of millions of sq km of global oceans as well as high-resolution, rapid tasking across its three SuperDove, Tanager, and Pelican constellations. The company has also announced its forthcoming Owl constellation, which is being designed to deliver near-daily 1-meter class imagery.
Planet expects to recognize the commercial payments from the partner as revenue over several years. Today’s announcement does not change Planet’s previously issued fourth quarter financial guidance provided as part of the Company’s December 10, 2025, earnings release. Planet will leverage the increased capacity of the expanded fleet to serve government and commercial customers globally.