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Spire Global Awarded $2.5 Million NOAA Contract for Satellite Weather Data

1. Spire Global secured a $2.5 million NOAA contract for satellite weather data. 2. The contract is part of NOAA's initiative to enhance weather measurement accuracy.

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FAQ

Why Bullish?

Securing government contracts can often enhance investor confidence and previous patterns show positive stock reactions to similar agreements.

How important is it?

The contract's monetary value indicates robust demand for Spire's data services, positively influencing the stock outlook.

Why Short Term?

Short-term positive impacts are expected as market reacts to the contract award news promptly.

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NOAASPCEAVAV
VIENNA, Va.--(BUSINESS WIRE)--Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a leading global provider of space-based data, analytics and space services, today announced it was awarded a $2.5 million, 9-month contract by the National Oceanic and Atmospheric Administration (NOAA) for satellite weather data. The contract is part of NOAA's Commercial Weather Data Pilot (CWDP) Ocean Surface Winds Pilot Study to evaluate how commercial satellite observations can improve measurements of.

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