Spire Global Secures Major NOAA Contract to Enhance Weather Data

Spire Global Awarded NOAA Contract for Satellite Weather Data

Spire Global, Inc. (NYSE: SPIR), a leading provider of space-based data and analytics, has recently secured a significant contract from the National Oceanic and Atmospheric Administration (NOAA). This $3.83 million agreement marks an important milestone in Spire's ongoing mission to enhance weather forecasting and climate research capabilities through advanced satellite technology.

Details of the Contract

Under this contract, Spire will supply essential radio occultation (RO) data over a one-year period. The contract commences on a specified date, spanning from late September for a full year. This vital data will help in generating vertical profiles of atmospheric conditions, measuring key factors such as pressure, humidity, and temperature. Such comprehensive data support NOAA's operational weather predictions and models for climate analysis, making it a crucial component of modern meteorology.

The Importance of RO Data

The near-real-time RO data provided by Spire plays a pivotal role in numerous applications, including improving weather forecasts, enhancing the accuracy of space weather models, and contributing to vital climate research. By leveraging data captured from their satellites orbiting Earth, Spire is equipped to provide insights that were previously difficult to achieve.

Spire's Commitment to Innovation

Mike Eilts, the general manager of Weather & Climate at Spire Global, emphasized the importance of these data supplies. He stated, “From the ultimate vantage point of space, our satellites are able to provide unique data sets to improve weather prediction, contribute to climate research, and ultimately, protect lives and prevent the loss of property.” His comments underscore the profound impact that innovative satellite-based data can have on public safety and ecological management.

Collaboration with NOAA

This award is part of a broader Indefinite Delivery Indefinite Quantity (IDIQ) contract, which has a ceiling of $59 million for NOAA's Commercial Weather Data Program's Radio Occultation Data Buy II. Spire's collaboration with NOAA illustrates the efficacy of combining government resources with the capabilities of the commercial satellite industry, which aims to drive advancements in weather forecasting.

About Spire Global, Inc.

Founded on a vision of solving complex weather-related challenges, Spire Global, Inc. (NYSE: SPIR) focuses on building, owning, and operating a dedicated satellite constellation. This constellation enables real-time Earth observations through innovative radio frequency technology, transforming how organizations access and use earth observation data. Whether it's tracking vessel movements, detecting signal interference, or providing detailed weather intelligence, Spire aims to empower customers to harness the information they require in a changing world.

Global Footprint and Offerings

Spire's reach extends across multiple countries, with offices situated in North America, Europe, and Asia. The company not only provides data and analytics but also offers 'Space as a Service' solutions. These offerings enable businesses to utilize Spire's established infrastructure to propel their projects into the space domain, furthering innovation and exploration.

Frequently Asked Questions

What does the NOAA contract entail?

The NOAA contract involves providing radio occultation data for a year to enhance weather forecasting and climate research.

How does Spire Global contribute to weather data?

Spire uses satellites to gather atmospheric data crucial for accurate weather predictions and environmental monitoring.

What is radio occultation data?

Radio occultation data includes information about atmospheric profiles, measuring parameters like pressure, humidity, and temperature.

What benefits does Spire's data provide?

The data can improve weather models, contribute to climate research, and aid in public safety initiatives.

Where is Spire Global located?

Spire Global has offices in several countries, including the U.S., Canada, the UK, Luxembourg, Germany, and Singapore.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.