Spire Global Secures NOAA's Contract For Satellite Weather Data

Spire Global Inc SPIR has secured an IDIQ contract from the National Oceanographic and Oceanic Administration (NOAA) to compete for orders under a $59 million ceiling.
This award is part of NOAA’s Commercial Weather Data Program's Radio Occultation Data Buy II.
Spire will provide NOAA with near-real-time RO data that consists of vertical profiles of atmospheric measurements. The data will be used for NOAA’s operational weather forecasts, space weather models and climate research.
The contract commenced on March 27, 2023, and will run until March 26, 2028.
Price Action: SPIR shares are trading higher by 7.25% at $0.74 premarket on Monday.

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