Satellogic (SATL) Announces Subcontract to Support US Naval Research Slingshot Program

Satellogic Inc. (NASDAQ:SATL) is one of the best NASDAQ growth stocks to buy and hold forever. On March 24, Satellogic announced a new subcontract agreement with Innovative Defense Technologies to support Phases II and III of the Slingshot program for the US Office of Naval Research. This R&D initiative, conducted in partnership with commercial partner GRVTY, focuses on advancing maritime intelligence and low-latency orbital processing.

The program expansion builds on the success of Slingshot I and aims to integrate Satellogic Inc.’s (NASDAQ:SATL) high-resolution Earth Observation capabilities into national security workflows. The upcoming phases represent a significant increase in the program’s technical scale and dedicated assets. Slingshot II, scheduled for Summer 2026, will extend the service of two NewSat Mark V satellites equipped with Inter-Satellite Link technology.

Satellogic (SATL) Announces Subcontract to Support US Naval Research Slingshot Program

Following this, Slingshot III will add six next-generation NewSat Mark VI satellites in 2027, bringing the total dedicated fleet to eight ISL-ready assets. These next-generation satellites are designed to provide unique optical capabilities that improve data transmission and processing speeds. The primary objective of the Slingshot program is to reduce the latency between capturing orbital imagery and delivering actionable alerts to the ground.

Satellogic Inc. (NASDAQ:SATL) designs and operates satellite systems to serve commercial entities, governments, and local bodies. The company offers space system solutions and decision-useful geospatial data and insights that help in navigating global issues such as climate change, food security, and energy supply.

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