1. Spire awarded an $11.19 million NOAA contract for GNSS-RO data services. 2. Contract duration is from September 2025 to September 2026. 3. NOAA will integrate Spire's data into weather and climate models. 4. CEO highlights importance of government-commercial partnerships in weather forecasting. 5. Contract part of NOAA's Indefinite Delivery Indefinite Quantity program.
This contract indicates stable revenue and strategic partnerships. Historical contracts of similar nature often boost stock prices.
The significant contract showcases Spire's capabilities and enhances its market position. Increased government contracts are pivotal for growth.
The contract spans a year, establishing ongoing revenue visibility. Long-term data contracts typically lead to sustained performance improvements.
Spire Global, Inc. (NYSE:SPIR) ("Spire" or "the Company"), a global provider of space-based data, analytics and space services, was awarded an $11,190,900 contract from the National Oceanic and Atmospheric Administration (NOAA) to provide global navigation satellite system (GNSS) radio occultation (RO) data for a one-year period from September 18, 2025 to September 18, 2026.
The Company's near-real-time GNSS-RO data consists of vertical profiles of atmospheric measurements, including pressure, humidity, and temperature, that can reach all points of the globe. NOAA, together with NASA, the U.S. Air Force, and the U.S. Navy, will integrate Spire's GNSS-RO data into their weather and space weather models, while additional U.S. and international agencies will leverage the data to strengthen forecasts and advance climate research.
"Spire's satellites and radio occultation data are uniquely positioned to deliver the atmospheric insights needed to tackle today's complex weather challenges," said Theresa Condor, Chief Executive Officer at Spire Global. "Our continued work with NOAA underscores the importance of government–commercial partnerships in advancing weather forecasting and highlights NOAA's commitment to harnessing innovation to improve forecasts and build climate resilience."
The award is part of an Indefinite Delivery Indefinite Quantity (IDIQ) contract for NOAA's Commercial Weather Data Program Radio Occultation Data Buy II.
About Spire Global, Inc.
Spire (NYSE:SPIR) is a global provider of space-based data, analytics and space services, offering unique datasets and powerful insights about Earth so that organizations can make decisions with confidence in a rapidly changing world. Spire builds, owns, and operates a fully deployed satellite constellation that observes the Earth in real time using radio frequency technology. The data acquired by Spire's satellites provides global weather intelligence, ship and plane movements, and spoofing and jamming detection to better predict how their patterns impact economies, global security, business operations and the environment. Spire also offers Space as a Service solutions that empower customers to leverage its established infrastructure to put their business in space. Spire has offices across the U.S., Canada, U.K., Luxembourg and Germany. To learn more, visit spire.com.
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