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Spire Global Secures NOAA’s Contract For Satellite Weather Data

Spire Global Inc (NYSE:SPIR) has secured an IDIQ contract from the National Oceanographic and Oceanic Administration (NOAA) to compete…
byAkanksha Bakshi
March 27, 2023
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  • Spire Global Inc (NYSE: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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