STOCK TITAN

Spire Global Awarded National Reconnaissance Office Contract for Radio Frequency Data

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Spire Global, Inc. (NYSE: SPIR) has been awarded a contract by the National Reconnaissance Office (NRO) to enhance its commercial radio frequency (RF) data capabilities. This contract extends through March 1, 2025 and supports the NRO's Strategic Commercial Enhancements program initiated in September 2022. The integration of commercial RF data aims to bolster situational awareness and address emerging intelligence challenges. Spire operates over 100 satellites providing critical data for military and federal agencies, enhancing global security and operational efficiency.

Positive
  • Awarded a contract by the NRO, extending operations through March 2025.
  • Supports the integration of commercial RF data for improved situational awareness.
  • Provides essential data to U.S. military branches and federal agencies.
Negative
  • None.

Contract demonstrates the agency’s continued commitment to evaluating the acquisition of commercial radio frequency data for situational awareness and intelligence

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, was awarded a contract by the National Reconnaissance Office (NRO) for commercial radio frequency (RF) remote sensing. Spire won a contract as part of the NRO’s Strategic Commercial Enhancements (SCE) Broad Agency Announcement (BAA) program in September 2022. Spire is proud to announce two options were exercised extending the performance period through March 1, 2025.

The agency will continue to use Spire’s data to evaluate how commercial radio frequency (RF) will be integrated into its overhead architecture. The contract demonstrates the agency’s commitment to expand the acquisition and integration of commercial space-based data for situational awareness and to address new intelligence challenges.

“The NRO has continued to show its commitment to innovation by recognizing the value of RF data in providing situational awareness and strengthening global security,” said Chuck Cash, Vice President of Federal Sales, Spire. “In a rapidly changing world, we at Spire aim to provide government organizations the competitive advantage they need to solve some of the world’s toughest problems with insights from space.”

Spire’s fully deployed constellation of over 100 satellites monitors radio frequency signals to provide data and analytics on global weather intelligence, ship and plane movements, and spoofing and jamming detection to better predict how their patterns impact global security, economies, and human potential. The Company operates over 40 satellites that help detect and geolocate signal interference, jamming, and spoofing. These satellites can identify the power, location, and directionality of such events.

Spire provides data to U.S. military branches and federal agencies such as USSF, USN, NGA, NASA and NOAA. Last week, the Company announced a contract with NOAA to deliver satellite weather data for operational weather forecasts, space weather models and climate research.

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 eight offices across the U.S., Canada, UK, Luxembourg and Singapore. To learn more, visit www.spire.com.

Kristina Spychalski

Director of Communications

Kristina.Spychalski@spire.com

Benjamin Hackman

Head of Investor Relations

Benjamin.Hackman@spire.com

Source: Spire Global, Inc.

FAQ

What contract did Spire Global receive from the NRO?

Spire Global was awarded a contract for commercial radio frequency remote sensing to enhance situational awareness.

What is the duration of the contract awarded to Spire Global?

The contract extends through March 1, 2025.

Which agencies use data from Spire Global?

Spire provides data to U.S. military branches and federal agencies, including USSF, USN, NGA, NASA, and NOAA.

When was the contract with the NRO initiated?

The contract was initiated as part of the NRO's Strategic Commercial Enhancements program in September 2022.

How many satellites does Spire operate?

Spire operates over 100 satellites that monitor radio frequency signals.

Spire Global, Inc.

NYSE:SPIR

SPIR Rankings

SPIR Latest News

SPIR Stock Data

264.33M
24.32M
8.43%
34.31%
13.11%
Specialty Business Services
Communications Services, Nec
Link
United States of America
VIENNA