Planet lands nine-figure, multi-year satellite agreement with Sweden

Planet Labs has secured a multi-year agreement with the Swedish Armed Forces to rapidly deliver a suite of satellites, space-based data and situational awareness solutions in support of Sweden’s peace and security operations. The agreement, which is said to be in the low nine figures, represents Planet’s third satellite-services contract within 12 months, reflecting sustained demand for its rapidly deployable space-based hardware and software solutions.

Under the contract, the Swedish Armed Forces will own a dedicated suite of Planet’s advanced satellites and gain access to the company’s high-resolution imagery and intelligence solutions. By standardizing this approach, Planet provides sovereign nations with a cost-effective, low-risk and accelerated route to advanced space capabilities, without the capital intensity and operational complexity of developing and maintaining standalone systems.

Europe’s own eyes

Over the past year, Planet has signed more than half a billion dollars' worth of satellite-services contracts, including support for national security requirements in Japan through JSAT and in collaboration with Germany. The company continues to work closely with allied governments to deliver critical space-based and geospatial capabilities.

“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 it requires, without compromise.”

Planet provides governments and commercial organizations worldwide with Earth observation satellites and near-daily imagery to support change detection, situational awareness and informed decision-making. The company has launched more than 600 satellites to date, delivering near-daily coverage of the Earth’s landmass and tens of millions of square kilometres of global oceans, alongside high-resolution, rapid-tasking capabilities across its SuperDove, Tanager and Pelican constellations. Planet has also outlined plans for its forthcoming Owl constellation, designed to deliver near-daily imagery at 1m-class resolution.

Revenue from the commercial components of the partnership is expected to be recognized over multiple years. The announcement does not alter Planet’s previously issued fourth-quarter financial guidance, as provided in the company’s earnings release of 10 December 2025. Planet plans to leverage the expanded capacity of its growing fleet to further serve government and commercial customers worldwide.