Spire Global Awarded $9.9 Million NOAA Contract to Deliver Satellite Weather Data

Rhea-AI Summary

Spire Global (NYSE: SPIR) has secured a $9.9 million contract from the NOAA to provide 3,300 space-based radio occultation profiles daily, aimed at enhancing weather forecast accuracy. This award marks Spire’s third significant contract from NOAA in FY22, contributing to their ongoing partnership since 2020. Data delivery will commence on January 18, 2023, and continue until July 18, 2023. This initiative underscores the growing emphasis on public-private collaboration to tackle climate challenges.

Positive

• Awarded $9.9 million contract from NOAA, indicating strong business relationships.
• Secures ongoing commitment with NOAA, enhancing forecast accuracy with 3,300 daily RO profiles.

Negative

• None.

Weather Data Purchase to enhance weather forecasting accuracy

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 that it has been awarded as part of Indefinite Delivery Indefinite Quantity (IDIQ) Delivery Order 5 of the contract issued by the National Oceanographic and Oceanic Administration (NOAA), for commercially available space-based radio occultation (RO). The award, valued at $9.9 million, is the third multi-million dollar NOAA contract Spire has received in FY22.

Spire will provide NOAA with 3,300 RO profiles per day. The near-real-time RO data consists of vertical profiles of atmospheric temperature and related quantities for operational weather models and other applications. The data will be available for NOAA to distribute globally and marks a significant shift in trends towards open and free sharing of data amongst all end users.

“The Commercial Data Purchase project is a prime example of the value of public-private partnerships in addressing some of the world’s most complex challenges,” said Chuck Cash, Vice President of Federal Sales, Spire. “We value our long standing relationship with NOAA in helping to improve the accuracy of weather forecasting so that as a society we can better predict, adapt to and mitigate the impacts of climate change for the protection of life, property and the environment.”

Spire has been involved in all five of NOAA’s Delivery Orders of the Commercial Data Purchase project, which began in 2020. The data delivery will commence on January 18, 2023 and run until July 18, 2023.

About Spire Global, Inc.

Spire (NYSE: SPIR) is a leading global provider of space-based data, analytics and space services, offering access to unique datasets and powerful insights about Earth from the ultimate vantage point so that organizations can make decisions with confidence, accuracy, and speed. Spire uses one of the world’s largest multipurpose satellite constellations to source hard to acquire, valuable data and enriches it with predictive solutions. Spire then provides this data as a subscription to organizations around the world so they can improve business operations, decrease their environmental footprint, deploy resources for growth and competitive advantage, and mitigate risk. Spire gives commercial and government organizations the competitive advantage they seek to innovate and solve some of the world’s toughest problems with insights from space. Spire has offices in San Francisco, Boulder, Washington DC, Ontario, Glasgow, Oxfordshire, Luxembourg, and Singapore. To learn more, visit www.spire.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220921005751/en/

Benjamin Hackman

Head of Investor Relations

Benjamin.Hackman@spire.com

Andrew Cameron

Communications Manager

Andrew.Cameron@spire.com

Source: Spire Global, Inc.

FAQ

What is Spire Global's recent contract with NOAA?

Spire Global was awarded a $9.9 million contract to provide 3,300 radio occultation profiles daily to NOAA.

How much is the NOAA contract awarded to Spire Global worth?

The NOAA contract awarded to Spire Global is valued at $9.9 million.

When will Spire Global start delivering data to NOAA?

Data delivery to NOAA will commence on January 18, 2023.

What is the duration of the contract with NOAA for Spire Global?

The contract with NOAA will run until July 18, 2023.

How many RO profiles will Spire Global provide daily to NOAA?

Spire Global will provide 3,300 radio occultation profiles per day to NOAA.