BlackSky Technology Inc ( BKSY/WS ) shares are trading higher Tuesday after the company secured a contract with a new international client for its Gen-2 imagery and analytics platform.

What Happened: BlackSky ( BKSY/WS ) announced a new six-figure contract with a strategic international customer to provide subscription-based imagery, analytics services and comprehensive analyst training on its AI-powered BlackSky Spectra platform. 

“BlackSky’s software-first adoption model gives this new, strategic customer the ability to create an advanced national spaced-based intelligence expertise at disruptive speed and economics,” said Brian O’Toole, CEO of BlackSky ( BKSY/WS ).

“This deal exemplifies the essence of BlackSky’s land-and-expand approach where quick-access, subscription-based services build the foundation for expanded growth in the region.”

BlackSky ( BKSY/WS ) expects the platform training of Spectra to establish a base for developing long-term national space-based capabilities. Teams will be able to combine BlackSky ( BKSY/WS ) data with other sources of intelligence and generate intelligence products to support various missions.

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Is BKSY A Good Stock To Buy?

An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like BlackSky Technology ( BKSY/WS )‘s page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.

These are known as capital allocation programs. BlackSky ( BKSY/WS ) does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.

Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on BlackSky ( BKSY/WS ) will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.

BKSY Price Action: BlackSky ( BKSY/WS ) shares were up 17.9% at $19.79 at the time of publication Tuesday, according to Benzinga Pro.