Spire Global Wins $8 Million NOAA Contract to Provide Satellite Weather Data
VIENNA, Virginia–(BUSINESS WIRE)–Spire Global, Inc. (NYSE:SPIR) (“Spire” or “the Company”), a leading global provider of spatial data, analytics and services, today announced that it has been awarded under Indefinite Delivery Indefinite Quantity (IDIQ) Contract Delivery Order 4 issued by the National Oceanographic and Oceanic Administration (NOAA), for commercially available space-based radio occultation (RO) data for use in weather forecasting operational. The prize, valued at more than $8 million, represents the largest purchase by the US government of commercial and operational RO data.
The award is the next step in NOAA’s goal to expand the purchase of commercial RO data. This is an increase in the number of RO profiles Spire provides to NOAA from 3,000 to 5,500, demonstrating Spire’s proven ability to reliably deliver valuable operational RO data, profiling atmospheric temperatures and associated quantities for weather models assisting NOAA and as a result US citizens prepare for extreme weather events.
In addition to the forecast accuracy benefits, NOAA recently announced that commercially sourced data represents approximately one-quarter to one-half the cost of government-sponsored missions, further demonstrating the long-term viability of the partnership with Spire. Spire’s constellation of over 100 satellites collects more RO profiles than any other organization in the world.
“With a continued increase in extreme weather, the United States has taken an important step to protect its citizens by investing in and continuously improving its weather forecasting capabilities,” said Kamal Arafeh, senior vice president of sales at Spire. “This award is the culmination of years of hard work by our team to develop, manufacture and operate a constellation of satellites that leverage the powerful vantage point of space to improve life on Earth. We are honored to continue our partnership with NOAA on their important work to address one of humanity’s greatest challenges in the face of climate change – accurate weather forecasting.
Spire data provided to NOAA will be made available in near real-time to national and international weather organizations and the broader U.S. federal government upon receipt, allowing for increased information sharing for critical weather data. Data delivery will begin on March 16, 2022 and continue until January 18, 2023.
About Spire Global, Inc.
Spire (NYSE: SPIR) is a leading global provider of space data, analytics and space services, providing access to unique datasets and powerful information about Earth from the ultimate vantage point to that organizations can make decisions with confidence, accuracy and speed. Spire uses one of the largest constellations of general-purpose satellites in the world to obtain valuable data that is difficult to acquire 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, reduce their environmental footprint, deploy resources for growth and competitive advantage, and mitigate risk. Spire gives commercial and government organizations the competitive edge as they seek to innovate and solve some of the world’s toughest problems with space-based insights. Spire has offices in San Francisco, Boulder, Washington DC, Cambridge, Ontario, Glasgow, Luxembourg and Singapore. To learn more, visit http://www.spire.com.